From May 23 to May 24, the 2019 Annual Finance Center Working Conference of Shuanglin Group was successfully convened at Ninghai Hot Spring Hotel. Led by Chief Financial Officer Shi Min and Deputy Chief Financial Officer Ge Weijun of the joint-stock company, the conference focused on the theme of how financial accounting transforms into management accounting. The meeting conducted in-depth discussions on how, after financial sharing, financial staff change roles, conduct financial management and create value for the group. Training on Tax Reduction Policy and Standardizing Basic Operations At the outset of the training program, Mrs Wang Xihong, a senior tax expert from Zhejiang Province, explained the application of the newly-introduced tax reduction policy, and put forth operational suggestions on the work of financial staff in consideration of actual business operations. Afterward, Minister Tian Xiaoping explained the standards for basic accounting work and pointed out common problems in daily basic financial work in a bid to enhance the quality and efficiency of operation. Sharing Management Insights and Rewarding Outstanding Employees The managers of each module in the Financial Center reviewed problems that existed in 2018’s financial operations and offered their own views and ideas on asset management, cost management, accounting management and financial analysis improvement, laying a better foundation to advance operations in all areas in 2019.? After the sharing of management views, the joint-stock company rewarded financial staff who had performed well and achieved outstanding academic results (receiving senior or intermediate professional titles) in the past year. Shi Min, Ge Weijun and other leaders presented the awards and took group photos to mark the occasion. Explaining Financial Sharing and Discussing Financial Transformation On the morning of the 24th, Sun Zhen, Manager of Inspur, briefed Shuanglin Financial Sharing Center on topics including blueprint introduction, sharing systems, reimbursement platforms, system operation introduction, etc. Zhou Rui introduced the auditing system, sharing operation and tax administration in a GS sharing system, so as to allow financial staff better understand the significance of financial sharing.? In the afternoon, all staff were divided into 6 groups, and held active discussions and reports on the theme "what should financial staff do upon establishment of a financial sharing center", in a bid to discover good solutions and methods. After the discussion ended, Ge Weijun, Deputy Chief Financial Officer of the joint-stock company, presented preliminary the management accounting plans ?to all financial staff, raised expectations for future financial work, and outlined the scope and responsibilities of management accounting. In the future, financial staff’s direction of thought will be this: how to transition from financial accounting to management accounting.? Shi Min, Chief Financial Officer of the joint-stock company, delivered a concluding speech. Manager Shi remarked that as the company develops and reforms, how financial staff rise to the challenges that appear and create value for the company through indirect management is a problem that every member of the financial staff must consider. Manager Shi holds that the financial staff indirectly creates value for the company, and that financial staffers contribute to the company's performance growth through cost control, expense control, and more. Therefore, our financial staff should not be content with the current state of the ?operational process, and should instead learn to look forward and embody the function of financial management. Moreover, we should work with care, patience and a sense of responsibility, and carry out financial management by staying true to our mission so that in the end, we can achieve the results we all wish for: creating value for the enterprise.

A few days ago, the 6th Technical Conference of Shuanglin Company was successfully held in Shanghai Qingpu headquarters. The Conference, themed with "Leading with Technology · Manufacturing with Intelligence," made a comprehensive summary on the technical innovation work of the Company in the past year. Group Photo of Representatives at the 6th Technical Conference This Conference was hosted by Shuanglin's Technical Committee, and relevant leaders of the Company were invited. Also, more than 70 people, including Gu Xiaoying, General Manager of the Company and Director of the Company's Technical Committee, Members of the Company's Technical Committee, as well as Members and Technical Representatives from the technical committees of various divisions, have attended the Conference. ▍Review & Planning Chen Youfu, Vice-general Manager of the Company, presided over the Conference At this Technical Conference, the technical directors of each division made a summary report on the technical innovation in 2018 and a strategic plan for technical development. In general, all divisions made fruitful achievements in technical innovation work in 2018, and put forward clear strategies for future technical development. This Conference enabled communication and learning among different divisions, which benefited the participants a lot. The technical directors of each division made a summary report on the 2018 technical innovation and a strategic plan for technical development The technical representatives of each division reported the excellent technical achievements In the past year, many outstanding technical achievements have emerged in the R&D of new products and the optimization of manufacturing processes. Each division made a summary report at this Technical Conference. ▍Achievement Awards Shi Min, Vice-general Manager of the Company, presented awards to the representative winners of the Outstanding Technical Achievement Award Chen Youfu, Vice-general Manager of the Company, presented awards to the representative winners of the Outstanding Technical Achievement Finalists? After the selection of the Company's Technical Committee: 6 proposals, including the "Application of Intelligent Scientific Injection Molding," "High Precision Blade Technology" and "Development of NX Mold Design Software" by the Auto Accessories Division; the "Aluminum Rail Technology" by the Auto Electromechanical Division; the "Improvement Technology of the 3rd Generation of Hub Bearing" by the New Torch; and the "Development of SEA175 Bridge System" by Electronic R&D Center, won the Outstanding Technical Achievement Awards at this Conference.Another 12 proposals won the Outstanding Technical Achievement Finalists at this Conference. ▍Special Recognition Ten years ago, the 1st technical conference of Shuanglin was held. During this decade, many outstanding technical R&D talents have emerged in Shuanglin. This year's Conference established the "Special Contribution Award" and Du Linxin from the Electromechanical Division won this honor upon the nomination of the Division's Technical Committee. The senior engineer Du Linxin was awarded "Special Contribution Award" and the letter of appointment for "Experts" In order to commend Du Linxin, the senior engineer, for his great contribution to Shuanglin, Gu Xiaoying, General Manager of the Company and Director of the Company's Technical Committee, presented him with "Special Contribution Award" and the letter of appointment for "Experts". Du linxin has been a modest and knowledgeable senior engineer. Since joining Shuanglin in 2001, he has made outstanding contributions to the Company's new technology innovation, new material research, new process application, experimental testing, new projects and new product research and development, and has cultivated a batch of outstanding technical personnel for Shuanglin. ▍Talent Cultivation? Zhou Min from the Technical Quality Department introduced the qualification standards of technology R&D sequence In order to provide a promoting channel for Shuanglin's vast number of technical R&D personnel, reflect the importance and cultivation of technicians, and meanwhile play a leading role in the Company's technical development, the Human Resources Center and Technical Quality Department of the Company initiated the formulation of qualification standards for the Company's technology R&D sequence positions since November 2018. At this Technical Conference, Zhou Min from the Technical Quality Department, on behalf of the project team, reported to the guests on the qualifications of the technical research and development sequence. ▍Divisions' Speeches During the Conference, Qian Xueming, General Manager of the Electromechanical Division; Liu Xudong, General Manager of the Auto Accessories Division; and Ge Haian, General Manager of New Torch Company, made important speeches. All the general managers of each division stressed the importance of technical innovation for the business development of the Company, and excellency in technical management was the focus of the daily management work of each division. Moreover, more technical personnel were encouraged to make greater contributions to their positions. Gu Xiaoying, General Manager of the Company/Director of the Company's Technical Committee, made a concluding statement Gu Xiaoying, General Manager of the Company and Director of the Company's Technical Committee made a concluding statement at the Conference, proposing to build up high-quality technical management, standardize the technical development process, and select high-quality customers. He also emphasized that "three orientations" should be followed for technical management: market customer orientation, cost orientation and issue orientation, and technology development direction should be determined by analyzing market segments.

On January 20, Shuanglin's 2018 annual operating work conference was held at the Ninghai Tianmingshan Hot Spring Hotel as scheduled. At the meeting, a comprehensive summary of the Company's operation and management in 2018 was made, and the business objectives and working ideas in 2019 were clarified. Chairman of the company Wu Jianbin, Vice Chairman Wu Shaowei, General Manager Gu Xiaoying, the company's leaders of all the functional departments, general managers of each business division and members of the leadership team, as well as several Shuanglin Group leaders have attended the meeting. The meeting proceeded in the order on the agenda. First of all, the director of the financial center reported and analyzed the financial situation of the Company in 2018. Then directors of each business division made detailed reports on their annual business performance and the completion of indicators, and proposed new goals and measures, followed by the annual work report made by the audit department. General Manager Gu Xiaoying, in combination with the economic environment and industry situation, further clarified the business objectives and key work directions of each business division in 2019. He specially emphasized that the market environment factors affecting the development of enterprises only accounted for 20%, while the internal management factors of enterprises for 80%. Besides, he requested all units to give full play to team strength, improve management efficiency, and focus on cultivating internal strength. Vice Chairman Wu Shaowei pointed out that the market downturn is both a challenge and an opportunity for enterprises, and how to grasp and deal with it are crucial, which requires cadres at all levels to possess a strong sense of responsibility and consciousness to grasp and implement the goals. At the end of the meeting, Chairman Wu Jianbin made an important speech, asking all business units to effectively implement the work deployed by General Manager Gu Xiaoying, and proposed "five requirements and three emphases". In terms of business development, it is necessary to strengthen market development, establish close cooperative relationship with strategic customers and expand core business; In terms of cost control, it is necessary to prepare for pre-lean planning, continuously promote cost reduction and efficiency increase, and strictly control the investment and expenses; In terms of technology upgrading, it is necessary to fully understand the needs of industry customers, bring in excellent core talents, and accelerate the R&D of product technology; In terms of liquidity, it is necessary to improve the operation efficiency; In terms of organizational effectiveness, it is necessary to enhance the performance appraisal and promote process optimization. He particularly emphasized that we should advocate borderless cooperation and continue to carry forward the fighting and teamwork spirits of Shuanglin staff to identify our goals, overcome difficulties, seize new opportunities and achieve better development. During the meeting, directors of each unit confirmed the performance objectives and signed the letters of responsibility for organizational performance.