On Jan. 20th, 2014, when the total assets and sales revenue reach RMB 100 billion, Conch Group held 2014 annual meeting at Wuhu. On behalf of Conch Group, Mr. Ren Yong, General Manager of Conch Group made a report with the title "Accelerate Transformation Development and Improve Overall Quality and Efficiency, Strive for Fresh Progress for Conch Group’s Reform and Development" , which put forward Group’s operating management objectives and general idea for the new year, call upon the whole Group to further enhance development awareness, efficiency awareness and competition awareness, adhere to merging and reorganization and internationalization strategies, continuously optimize industrial distribution, carry out overall benchmarking management, accelerate transformation and upgrading, improve overall quality and efficiency.(translator:Huxiaohong)