Managementinnovation,fullparticipation,efficientexecution,costreductionandefficiency      ——XinyuanElectronicsheld ManagementChange“ProjectLaunchMeeting OnJune8th,ourcompanycooperatedwiththeFifthInstituteofElectronicsoftheMinistryofIndustryandInformationTechnology(alsoknownas“ChinaSaibaoLaboratory”,hereinafterreferredtoas“Saibao”).Thestartwillbeheldsmoothly.GeneralManagerXieZhixuan,DeputyGeneralManagerXueZhanqing,ZhangGuangtao,DirectorofTechnologyProgressDivisionofFoshanEconomicandInformationTechnologyBureauWanSaifang,DeputyDirectorofTechnologyPromotionDepartmentofChinaSaibaoLaboratoryChenMo,BeijingTianhuaJiuGeCultureDevelopmentCo.,Ltd.Thecompany'schairmanCaoGe,Saibaoprojectteamandthecompany'smiddleandhigh-levelfunctionaldepartmentsandothermorethan130peopleattendedtheprojectkick-offmeeting. This“ManagementChange”projectisanothermajordecisionforourcompanytofacethemarketpressureoflowerproductprices,rawmaterials,laborandotherrisingcosts,andactivelyseekforchange.TheprojecthiredtheteamofSaibaoexperts,fromthe“leanproduction”and“thehumanresourcesmanagementsystemwiththecompetencymodelasthecore”,toimprovetheefficiency,reducethecostandenhancethemarketcompetitiveness. Attheprojectkick-offmeeting,thegeneralmanagerofthecompany,XieZhixuan,brieflyexplainedthesituationoftheindustrythatisimperativetointroducethismanagementreform,expressedhisdeterminationtocarryoutmanagementchanges,andissuedaletterofappointmentfortheprojectteamtotheprojectteamandallemployees.Proposedardenthope. ZhangGuangtao,deputygeneralmanagerofthecompanyanddirectorofmanagementchangeproject,introducedthecurrentsituationofthecompanyandthepurposeofimplementingtheproject.Mr.Zhanghopestoimproveproductionefficiency,reducewaste,andbuildandoptimizethecompany'scompensationsystemandpromotionmechanismthroughthismanagementchange,sothatexcellentemployeesandmanagementcadreshaveagoodcareerdevelopmentchannel,andtrulyrealizethecompany,customersandemployees.Winthegoal. Thecompany'sprojectteamwillformulateanincentiveplantorewardthosewhoperformwellandachievethegoalintheprojectimplementationprocess.IbelievethateveryonewillplaytheenthusiasmandinitiativeofeachofourXinyuanfamilymembersduringtheimplementationoftheproject.Developandgrowacontribution.Finally,thekick-offmeetingcametoanendinthesolemnoathofthe“CommitmentontheManagementReform”byallmembersoftheXieandtheprojectteam. Commitmenthasbeenestablished.Wearefulloffightingspirit,weeliminatealldifficulties,wearebraveinmovingforward,wefirmlybelieveintheimprovementoflean;Xinyuanpeople,thesamewindandrain,letusworktogethertojointlydrawabeautifulblueprintforthefuture,andjointlyembarkonthebrightroad.