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Company News

STEC Held the Third Time of the Second Term Board Meeting

Date:2015-09-05

On behalf of the management team, GM Yao Dan made a speech of “2014 working report”, submitted the important matters to be deliberated by the board, which included the fulfillment of business indicators; the ideas of how shall we deal with the severe and tough market situation under this “new normal” economic environment, so as to lead the company out of difficulties; and the development strategy of the future three years

Chairman Peng firstly affirmed the achievement gained by STEC and indicated that it wasn’t easy for STEC to achieve profits under such difficult situation although there was declination in business performance. Chairman Peng highly appreciated the strong support from Mitsubishi Corporation (Hereinafter called “MC”) for resource sharing on technical and marketing, which fruitfully helped STEC expand the international market.

Chairman Peng indicated that it will be divided into three levels for the future business exploitation: firstly of all, continuing strengthen the development of overseas market, occupying more market share; secondly, continuing advancing the cooperation with AGC and Schneider in Energy conservation and environmental protection field; thirdly, implementation of structure transformation, innovation and development, and the research on prospectivetechnology. Chairman Peng wished that under the support of the two shareholders from both STEC and MC, the future will be developed steadier.

Vice Chairman Mr. Hidehiko Suzuki totally agree on Mr. Peng, and affirmed the effort and achievement by STEC in the year 2014. Mr. Suzuki indicated that, as the shareholder of STEC, MC would utilize its own advantage to provide more support and assistant. Mr. Suzuki wished that the footprints of STEC may cover Asia, Europe and South America, etc.