According to the requirements of the "Phoenix Plan" of the Municipal SASAC, the casting and forging company and the auxiliary machinery company have been included in the action plan upon application by the group company. In order to promote the listing process, a delegation led by Wang Zhengrong, Deputy General Manager of the joint-stock company, Xu Renlong, Director of Policies and Regulations of the State-owned Assets Supervision and Administration Commission of Hangzhou City, and Zhang Xiujuan, Deputy Director of the Property Rights Management Division, conducted a field survey of the casting and forging company recently.

Yu Junming, the general manager of the company, introduced the historical background and basic situation of the company's establishment, its operating performance in recent years, the qualifications and honors obtained by the company, and the incentive methods for the management team to the leadership of the SASAC. He analyzed the overall goal of the company's listing in detail, as well as the two-step share reform plan, including the requirements for the introduction of strategic investors.

The leadership of the SASAC affirmed the current achievements of the company, and requested that the company's operation be further standardized, its operating performance increase year by year, and achieve sustainable development. The casting and forging company was required to establish phased goals based on the listing schedule, and achieve the listing goal as soon as possible.

2018.4.11