On June 25, the 2020 Annual General Meeting of Shareholders was held in Beijing. Zhang Mengxing, Executive Director and President of the Company, hosted the meeting, and institutional and individual shareholders such as CNPC, THI, ChinaAMC and Bosera Funds attended the meeting. The meeting considered and approved eight proposals, including the 2020 annual work report of the Board of Directors of the Company, the 2020 annual work report of the Supervisory Committee of the Company and the 2020 profit distribution plan of the Company, and listened to the 2020 annual reports of the independent non-executive directors.
Zhang Mengxing said that 2020 is an extraordinary year. China MCC practiced its original mission in the great war, took the initiative to take responsibility in the big test, and gave full play to the role of the top pillar of the central enterprise in the epidemic prevention and control and production and operation with all the performance indicators such as new contract amount, operating income and net profit hitting the best level in history, which marked that MCC has entered a new stage of high-quality development. The achievement of CMC over the years is due to the correct leadership of the Party Committee, the Board of Directors and the management layer of the company, the hard work of all CMC employees, and the care and support of shareholders, investors and major professional institutions. Since this year, according to the unified deployment of the State-owned Assets Supervision and Administration Commission, the company has secured the good completion of the main indicators of production and operation as well as the orderly progress of all work of reform and development, maintained the good momentum of steady development, pushed the operation quality indicators to reach the best level the same period in the history, and achieved a good start for "14th Five-Year Plan". The current economic situation is both an opportunity and a challenge for the company. With stability in the first place, MCC must lay a firmer foundation for stability and make the forward momentum stronger to ensure the smoothness and order of production and operation and create greater values for shareholders.
In the communication session of the conference, the shareholder representatives had a full communication and exchange with the management layer on the hot issues of market concern such as "emission peak and carbon neutrality" policy, the national team of metallurgical construction, resources development business and reform of state-owned enterprises.
Zou Hongying, Vice President and Chief Accountant of the Company, Qu Yang, Vice President, Yin Sisong, Chairman of the Board of Supervisors, Zhang Yandi, Chu Zhiqi, Supervisors, heads of relevant functional departments, domestic and overseas qualified lawyers, accountants, etc. attended the meeting.
