On July 7th, HY Mid-year Work Conference 2023 was held at headquarters, with staff on project sites attending through video conferencing. The conference comprehensively summarized the business situation in the first half of the year, deeply analyzed the macro situation and existing problems, coordinated and deployed the work tasks for the second half of the year, and fully launched a new journey of high-quality development. Middle and high-level management as well as some key personnel of Jiangsu Hengyuan International Engineering Co., Ltd. and Jiangsu Hengyuan Construction Engineering Co., Ltd., attended the meeting. Leaders of various project offices stationed abroad attended the meeting via videoconferencing.

As the first item on the agenda, General Manager Hu Yeming gave a work report for the first half of the year. Mr. Hu summarized the effectiveness of business management in the first half of the year from the aspects of business, engineering, production, design, procurement, logistics, and various management aspects. He analyzed and pointed out the shortcomings and difficulties in the work, and put forward specific requirements for the work in the second half of the year: firstly, to actively expand the scope of business to ensure the implementation of key project contracts; secondly, to achieve the project construction goals with high quality and quantity according to the contract requirements.; thirdly, the production system should focus on progress and quality to complete all tasks well; fourthly, to design and purchase logistics systems, with a focus on the overall situation and strive to improve service levels; fifthly, to integrate management into services, improve the company’s management level, and safeguard the company’s development.

As the second item on the agenda, Group Chairman Xu Huilong made a speech, titled "Striving for Progress in Stability, Strengthening Core Competitiveness, Uniting and Starting a New Journey of High-Quality Development". In the first half of the year, all departments of the company went all out to overcome difficulties, and did a lot of work in engineering project construction, production operation, business expansion, and other aspects, achieving effective progress. At the meeting, we fully analyzed the current external situation and clarified our own task direction. Based on the actual situation of the company, he proposed requirements to everyone to ensure the smooth completion of annual goals. Firstly, we need to improve the level of risk control by learning, researching, and putting in more effort in terms of awareness, action, prevention, system, management, and law, in order to promote the sustainable development of enterprises and minimize operational risks. Secondly, to enhance core competitiveness. Solid competitiveness comes from persistent specialization, making our business professional enough to truly stand out and form unique and professional advantages. Thirdly, we need to improve the company's management level, strengthen institutional construction and implementation, and achieve group management. Fourthly, we need to improve our financial control ability, establish a financial budget mechanism, improve the utilization rate of project funds and strengthen the control of Foreign exchange risk of overseas projects. Fifthly, we need to improve the harmonious working atmosphere, unite and cooperate, learn and improve with the attitude of being the master, always maintain a strong sense of mission, strive to be honest, realistic, pay attention to timeliness, and be brave to take responsibility.

The meeting requires all departments to comprehensively learn, grasp, and implement the spirit of the meeting speech, translate goals into specific actions, clarify implementation plans, and promote the high-quality development of Hengyuan with a more enterprising spirit.