7 May 2020 marks a milestone for JCHX as the new executives led by Chairman Mr. Qinghai WANG take the office from previous executives led by Mr. Xiancheng Wang, to lead JCHX towards a brighter future. This historical moment was witnessed by all employees in headquarters and branch offices through a staff assembly.
On 6 May 2020, the annual shareholders meeting and the first meeting of the fourth board directors were held in JCHX headquarters, where the fourth board members were selected and new executives nominated. At the staff assembly on 7 May, the fourth board directors and new executives were announced and the reform proposals was launched.
The assembly was hosted by Wu Bangfu, Board Secretory of JCHX, he first announced the appointment of new board members, executives, executive assistants and technical experts.
Chairman Wang Qinghai presented the letter of appointment to new executives, including President Wang Xinyu, Executive Vice President and Chief Engineer Shao Wu, Vice President and Chief Economist Wang Cicheng, Vice President Wang You Cheng, Vice President Ye Pingxian, Vice President Zhou Genming，Board Secretory Wu Bangfu, and Chief Financial Officer Meng Zhuhong. Besides roles and responsibility of executives, executive assistants, and technical experts were clarified.
After that Mr. Li Zhanmin, Vice Chairman and former President gave an address to all attendants. He mentioned that through two decades of evolution, JCHX has developed from a construction team to a listed company, with the original aspiration of founders achieved, which is to earn respect from home and abroad. Nowadays we are working at world-class projects with global leading mining companies. We should never forget the sweat and toils by which this hard-won achievement was made. He also extended sincere wishes to the successors that facing more uncertainties and challenges, they should struggle even harder to forge ahead with determination, especially regarding to market expansion, and creative minds should be required, low budget strategy should be stuck to unswervingly. Like a Chinese proverb goes, not to advance is to drop back. Last he wishes JCHX greater success under the leadership of Chairman Wang Qinghai.
Mr. Wang Xiancheng, founder of JCHX, Secretary of the Party Committee and former-Chairman, delivered a speech where he recalled the history over the past 23 years, the growth in overseas market from a team of merely“19 workers” in Chambishi to over 10 projects in multiple countries, and the changes of working environment from a rented “bird nest” to a grand building named after JCHX, and the biggest development of all that a small private company growing into a listed A-share company, with output value increased from RMB 20 million up to nearly 3.5 billion, all these achievements made him so proud and grateful. He also highlighted the urgency for reform, despite breakthroughs made since the development strategy of domestic & overseas markets, five business sectors, and three steps implemented, further expansion are still awaited. Leap forward progress is expected from 2021 to 2025 where the goal of three-steps must be achieved and for this end new executives should work as one and former executives should spare no efforts to provide guidance and support to the successors.
Then President Wang Xinyu made his statement that under the new circumstances it is essential for the company to expand businesses and increase market share, despite of various difficulties and uncertainties resulted from epidemic. Particularly, progress of internationalization should be accelerated, sustainable development should be maintained to build JCHX a century-old brand. Looking into the future, President Wang Xinyu raised the target of being China’s leading and world-renowned mining company.
Chairman Wang Qinghai made an important speech that as the new Chairman of JCHX he would like to extend his sincere gratitude to all shareholders, board members, colleagues for their great support, and to JCHX for making him who he is today. He shall uphold the core value of JCHX, insist on the development strategy, and lead JCHX to achieve all targets. He also requested the efforts from all to concretely implement the corporate strategy. Last he expressed determination to shoulder his responsibility and dedicate himself to maximize profits for shareholders, employees and society.
Lastly Board Secretary Wu Bangfu stressed the significance of this assembly. As the closing year of the 4th five-year plan, and the year to draft 5th five-year plan, 2020 is critical for us to make strategic breakthrough. All employees should unite thinking and action based on corporate strategy, unswervingly implement company policies, devote themselves in work with a high sense of responsibility and mission, to enable the company to grow in a rapid, steady, and sustainable way.
