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First Partner Conference under Xiangyu Biochemical's Employee Stock Ownership Program Held in Volga Castle, Harbin
2019-02-15
In the afternoon of Sept. 7, 2018, all the share-holding partners of Heilongjiang Jinxiang Biochemical Co., Ltd (hereinafter referred to as Xiangyu Biochemical), as a subsidiary of Xiangyu Group, attended the first partner conference at Volga Castle in Harbin. The conference had "Change, Own and Share Together" as its subject, during which the employee stock ownership program and the Management Committee's rules of procedure and resolutions and the management measures, documentary descriptions and financial issues of the shareholding platform were introduced, questions of the partners on the program were answered; a Contribution Certificate was issued to the partners; and representatives of the partners delivered a speech. Chen Dasong, logistics director of Xiangyu Biochemical and the one with the most shares among the 106 partners, hosted the conference. Liu Xinping, chairman of Xiangyu Biochemical, and Lu Yi, general manager and chairman of shareholding platform management committee, also delivered a keynote speech.



As the main participant and facilitator of the Program, Xia Mingping, VGM of Xiangyu Biochemical, reported on the progress of the Program. Wang Xiaoyan, legal affairs supervisor of the Risk Control Department of Xiangyu Biochemical, introduced the rules of procedure of the Management Committee and the management measures and documentary descriptions of the shareholding platform. As secretary-general of the shareholding platform management committee, Xia Mingping also announced the resolutions of the management committee. As the financial manager of the shareholding platform and CFO of Xiangyu Biochemical, Huang SHaojun reported the financial issues of the platform. All the partners interacted on relevant issues of the Program. The shareholding platform management committee also explained on issues relating to company listing, capital increase and share transfer as raised by all the partners. All partners had a group photo. Chairman Liu Xinping issued a Contribution Certificate to all partners.



In the conference, four partner representatives delivered a speech and expressed their feelings on the change from an employee to partner of the company. Ran Yonggen, director of international trade, Sales Center of Xiangyu Biochemical, illustrated the solid development base, mature development conditions and enormous development potentials of the company from three perspectives, i.e. relations between the company and the industrial cycle, power of team and development of logistics. He expected that all the partners must fully avail this ownership reform of state-owned enterprises, unite together under Xiangyu Group and take active measures to create a new miracle of Xiangyu Biochemical. Mo Yonggang, chief engineer of Technical R&D Center of Suihua Biochemical under Xiangyu Biochemical, also expressed his excitement and delight of becoming a company partner and reviewed his history of continuous diligence under his parents' guidance, joining Xiangyu Biochemical and rapid growth in the company. He believed that staffs of Xiangyu Biochemical would have a bright future and Xiangyu Group must have a bright development prospect. All staffs of Xiangyu Group must work harder for greater achievements! Zhao Yanjun, manager of Public Engineering Department of Beian Biochemical, as a subsidiary of Xiangyu Biochemical, joined Xiangyu Biochemical three years ago and has witnessed the total process of Beian Biochemical's construction of a modern factory on a slope and its construction, production and operation stages. He said the partner program was a great benefit for the staffs and he was grateful for such a good opportunity to grow with Xiangyu Group. He would work even harder as a partner in the future and encourage more people to work harder in order to become a partner. Xin Hongyang, chief engineer of the Starch Biochemical Department of Fujin Biochemical, as a subsidiary of Xiangyu Biochemical, also expressed his gratitude to Xiangyu Group for the growth platforms offered by the Group and Xiangyu Petrochemical to their staffs. He said he was very excited when he knew about the employee stock ownership program. Having changed from an employee to an owner of the company, he believed he could share the dividends of company development through his diligence.



As GM of the Company and head of the shareholding platform management committee, Lu Yi delivered a keynote speech. He interpreted the conference subject "change, own and share together". He hoped all partners should change their ideas and firstly their identity, i.e. from an employee to an owner. More important, they must also change their mentality and behaviors, care for the development of the Company as an owner, unite together and work hard to promote company development. As a result, their value distribution right would also change. Lu Yi also shared the success experiences of Huawei and Wen's Group in "own and share together", advised the partners to jointly create value and share the fruits. Moreover, he also advised the partners to develop three awarenesses, i.e. owner awareness, crisis awareness and mission awareness, and bear responsibilities, prevent and control risks, shoulder missions and promote the faster and better development of Xiangyu Biochemical.



Chairman Liu Xinping delivered a keynote speech on change of idea, conformity between company and staff goals and shareholder rights and obligations. He said a staff needed to change his ideas due to change of his identity and role. As a partner, a staff must consider all issues as an owner. The company implemented the employee stock ownership program simply with an aim to conform company goals and interests to staff goals and interests so that staffs could work hard together for the public listing of the company. It is a shareholder's obligation to care for the development of the company and safeguard shareholder interests. He hoped all partners could actively contribute their good ideas, identify the factors that would affect the Company's general operations from different positions and perspectives and research to address the problems and improve company operations. Partners were expected to form a community of common destiny with the company and work hard to attain company goals together and share the fruits of development together.

The first partner conference signified the successful implementation of the first state-owned enterprise employee stock ownership program in Xiamen. While promoting the development of Xiangyu Biochemical to a new level and phase, it will also become a good reference for the implementation of the ownership reform of Xiamen's state-owned enterprises.
 

 

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