Chen Zanxiong, GM ofEconomic Development and Investmentvisits Yangtze Communications for investigation

On the morning of 15 August,General Manager of Wuhan Economic Development and Investment Group Co., Ltd. (Economic Development and Investment), Chen Zanxiong visited the Company for investigation and guidance with his traveling party, looking into the development history, current operation status and difficulties since the Company has been listed and touring relevant product exhibitions as well as listening to the report on current situations of the Company from the President Yang Zhanbing during the meeting of investigation, with the presence of the Chairman of the Board Xiong Ruizhong, the Management and all staff in Wuhan.

GM Chen fully affirmed the Company's development achievements and highly praised Yangtze Communications a high-quality and professional management team. As for main tasks to be accomplished at present, he also gave several suggestions: (1) the management should enhance the understanding, remove disturbances, concentrate to gather spirit, build confidence and scale up efforts to fight for the annual operation targets of the entire group; (2) do a great job in terms of safety production and stable working team, strengthen market expansion, reduce costs and intensify internal control; and (3) pay attention to the study of business development strategies of the Company, enhance the forecast researches on relevant risks and adopt targeted precautions.

Feng Pengxi, the Chief Economic Manager of Economic Development and Investment, and other accompanying personnel participated in the investigation.

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