In order to further summarize the work in 2009 and put forward the development tasks for 2010, CMMC held the First Session of the Third conference for board of shareholders, directors and supervisors in February 1st, 2010. Shareholder delegates, board directors and supervisors attended the conference, which was presided at by Ms. Yuan Changyu, Board Chairman.

At the conference, Ms. Yuan Changyu, Board Chairman, reported our company’s work summary. Mr. Liu Ming, General Manager, drew up the following three years’ development planning. Mr. Su Qiang, Deputy General Manager, put forward the transfer and increase proposals of registered capital. Mr. Fu Juwei, manager of Finance Department, reported finance performance in 2009 and put forward dividend distribution proposals.

During the past year, according to scientific development concept, CMMC overcame crisis, optimized structure and realized transformational development. Meanwhile, CMMC should quicken steps in economic fluctuation, further optimize import & export commodity structure and change economic growth way. We were expecting to double our operation scale and effectiveness, to consolidate our advantageous position in Chongqing foreign trade and economic fields. In order to develop and expand our business, it’s important and necessary to draw up the following three years’ development planning, transfer and increase registered capital.

All board shareholders, directors and supervisors deliberately discussed proposals and passed them by vote. They unanimously expressed that they would help CMMC develop faster, more scientifically and harmoniously, with full support. They hoped that, CMMC set up a higher and ambitious target, strictly regulated and avoided management risks, and continued to play an important role in developing open economy in Chongqing.

Ms. Yuan Changyu, Board Chairman, delivered a speech.