At the just concluded Huali Group 2019 Annual Meeting and 2020 Spring Festival Gala, Huali founder and chairman of Huali Holdings, Chang Qiancang, delivered a work report titled "Never Forget the Original Aspiration, Overcome Difficulties, Deepen Reform, Seek Progress in Stability, and Promote Huali's Transformation, Upgrading, and High Quality Development".

In summarizing and reviewing the work of 2019, Chairman Chang pointed out that in the past year, the group actively welcomed the requirements of the industry's upgrading, transformation, and high-quality development, continued to follow the established development strategy, closely followed the development trend of the construction industry's reform and opening up, constantly changed and honed internal strength, and vigorously grasped the construction of modern enterprise systems and management systems. The four major sectors of construction, real estate, overseas, and design project management gathered and steadily developed, fully achieving the revenue target set at the beginning of the year. The brand value of Huali continued to improve, and the market competitiveness of the group continued to enhance. The achievements are due to the historical opportunities brought by the construction industry in the 40 years of reform and opening up, the trust and support of party committees, governments, and all sectors of society towards Huali, and the joint efforts of all Huali people.

Faced with the development trend of great differentiation, integration, and stock competition in the construction industry, Chairman Chang pointed out that we need to find the right strategic positioning, form competitiveness in management innovation and technological progress, and use the advantages of the group enterprise to make efforts in the mid to high end market and new business market, and move towards upgrading, transformation, and high-quality development. In 2020, the group will continue to adhere to the "123" development strategy, that is, to build the Zhong'an Huali platform, create an advanced operation management system and a multi-level target assessment and evaluation system, achieve an increase in the proportion of direct business, high-end business, and new business, and synchronous growth of net profit, focus on institutional and mechanism reform, system construction, team building, and cultural construction, strengthen project management and risk management, and promote Huali's transformation and upgrading to high-quality development.

The main work goals for 2020 are: one growth, two progress, three improvement, and four strengthening. To achieve this goal and promote the high-quality development of Huali's transformation and upgrading, we need to focus on six key tasks: firstly, we need to promote organizational change, pilot branch offices and regional business operations, stimulate the vitality of enterprise development, and improve the level of corporate governance; Secondly, we need to improve the incentive mechanism, strengthen assessment and incentives, and stimulate the endogenous driving force of enterprise development; We must take standardization of engineering management as the starting point, strengthen engineering management, improve engineering quality, and build the Huali brand; We must strengthen source management and process control, prevent business risks, and ensure the quality of development; We must accelerate the construction of frontline talent teams in market operation (marketing), project management, etc., strengthen training and training, and enhance the quality of talent teams; We must take professional culture as the starting point and effectively promote the construction of corporate culture.

Chairman Chang issued a call to all Huali employees: Happiness is achieved through hard work, and only by walking with the strugglers can the enterprise achieve stability and long-term success. Every employee of Huali is a practitioner of great dreams and a sharer of happy lives.

Chairman Chang's annual meeting work report is powerful and inspiring, inspiring and motivating. All employees of Huali have expressed that we have caught up in a beautiful, happy, and hardworking era! In the new era, we need to have new thinking and new achievements. We must not forget our original intention, keep in mind our mission, and work together with Huali to achieve win-win results. We must tirelessly strive and contribute to creating a better tomorrow for Huali.