STSS: the 24th session of the 6th Board of Directors

 

On April 26th, Shanxi Taigang Stainless Steel Co., Ltd. held the 24th session of the 6th Board of Directors in Garden Hotel Conference Center. Eleven directors should attend the meeting while actually ten attended. Independent director WANG Guodong failed to attend the board meeting for work reasons, and independent director DAI Deming was commissioned to attend and vote in the meeting. Supervisors of Supervisory Board and senior managements attended the meeting as non-voting delegates.

 

The meeting was presided over by the chairman GAO Xiangming.

 

Participants in the meeting deliberated and adopted 29 proposals as “Annual Work Report of the Board of Directors in 2015”, “2015 Annual Work Report of General Manager”, “Proposal on 2015 Annual Profit Distribution”, “Proposal on Appointment of Company Financial Director”, “Proposal on Adjustment of Quality Management Function” and etc. Due to health reasons, YANG Guilong is no longer as a chief accountant and secretary of the board of directors. Nominated by General Manager ZHANG Zhifang and approved by Board Nomination Committee, the board of directors of the company decided to appoint LI Hua as Chief Finance Officer. In order to promote scientific and technological innovation, quality improvement ability and efficiency, and enhance ability to meet customer demand, the company decided to transfer the quality, standard, process management functions from Manufacture and Quality Management Department to Technical Center, so as to realize integration management of quality management, technology improvement and product research and development. After the function transfer, Manufacture and Quality Management Department changed its name to Manufacture Department.

The meeting fully affirmed the achievements made in 2015. The meeting recognized that in 2015, in the face of the unprecedented severe situation and heavy annual task, up and down the entire company grasped the nettle and made solid progress in comprehensive reform with clear target and firm confidence, and achieved hard-won results through safe and stable operation.

 

It was pointed out in the meeting that the situation of 2016 is even more serious and complex, therefore, the company must build confidence to win in survival battle, win the initiative, win the advantage and win the future by improving quality competitiveness, speeding up diversified development and comprehensively deepening the reforms.

 

Directors put forward some suggestions on key works around technology innovation, diversified development and etc, hoping that TISCO could play advantage and lead the industry in the process of China's manufacturing industry upgrade.

 

It was requested in the meeting that all cadres and workers should pay one hundred times efforts, especially the opinions and suggestions proposed by directors should be carefully analyzed and implemented by the management, in order to win in the survival battle and quickly improve competitiveness under the New Normal.