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Changhong IT 2018 Q1 Summary and Q2 Work Plan Leadership Meeting Held in Beijing

On May 5th, the Changhong IT Quarterly Leadership Meeting was held in Beijing. All leaders and middle-level leadership in Beijing attended the meeting. At the meeting, the person in charge of each branch summarized the work in the first quarter of 2018 and proposed a work plan for the second quarter.

The President of the company, Mr. Zhu Jianqiu, heard the report and made a concluding statement at the meeting. In the statement, Mr. Zhu concluded the overall operation summary in 2018. He pointed out that in 2018 we are currently operating fine, the business direction of growth is doing fine, operational efficiency is high and profitability has basically achieved expectations; In addition, there are new business operations, the development of new territories, and new depths in transformation and upgrading aspects. He hopes everyone will continue to work hard and do a solid job.

In the speech, he wished to share his thoughts on the new distribution and new retailing with participating cadres, and pointed out that the industry was "changed" and "unchanged," and encouraged all businesses to find and tap new opportunities. For the second quarter and future work, Mr. Zhu put forward specific requirements, and pointed out that: transformation and upgrading are the company's strategic tasks. All sectors must effectively implement the 2018 "all channels, specialization, new distribution, good partners for growth" annual strategy, effectively implement the company's strategic plan, and together with the company's transformation and upgrading, observe and seize opportunities, and make the company bigger and stronger.