Cheung Kei Group 2019 Annual Conference & Commendation Ceremony in Shenzhen

2020.01.21

Cheung Kei Group's 2019 Annual Conference & Commendation Ceremony was held in the afternoon of January 18, 2020, at Shenzhen Wuzhou Guest House. along with Ms. Chen Xiaoxia, Executive Vice President, Mr. Vincent Chen, Vice President, and the representatives from the employees from group's headquarters in Hong Kong and Shenzhen, group's branch in Zhuhai, and the representative of property management company attended the meeting.

Dr. Chen Hongtian Giving His Remarks at the Event

Executive Vice President Ms. Chen Xiaoxia was the first to give an opening address with a work report for 2019 and a working plan for 2020. She gave a summary to the key results for the group in 2019, and gave a report and objective feedback on the performance of the various divisions and their subsidiaries in 2019. She then gave a clear guideline and direction for 2020, and expressed her gratitude to her colleagues for their hard work and dedication in the past year.

Executive Vice President Ms. Chen Xiaoxia Giving the 2019 Work Report

Executive Vice President Ms. Chen Xiaoxia said that 2019 has been a year of economic downturn, and the capital market has been on the decline irrationally. With the uncertainties in the global context, almost all private enterprises have been undergoing harsh times, layoffs, and financial crisis – this was undoubtedly a major challenge for Cheung Kei Group. However, under the guidance of Dr. Chen Hongtian, the group was able to overcome many difficulties, to continue their work and progress steadily. The group was able to capitalize on the significantly reduced interest offered by investment institutions, to build momentum and continue moving forward steadily. It has taken a strategic approach of being vigilant to combat risks, while strengthening the defense of the company. In particular, the Hong Kong division has been performing remarkably despite the challenges, and it has established diversified financing channels to grow their financial investment operations.

At the Annual Conference & Commendation Ceremony

The work report pointed out that 2020 is a year where pressure and momentum, challenges and opportunities coexist. Faced with the reality of the harsh and ever-changing economic climate, the employees of Cheung Kei Group shall face all challenges directly, and in unity. In 2020, the key focus should be on consolidating the resources of the company, to solve some meaningful questions with breakthrough solutions. Moving forward, a development strategy of "expand with a risk-adverse mindset, kickstart at the peak of the momentum" should be adopted. In 2020, the group will strive hard in 4 key areas.

Firstly, to have a sound capital planning process, which will improve the utilization of capital, improve the quality of corporate financing, expand financing channels, reduce costs, and strengthen investments with a stable income.

Secondly, to make efforts in liquidize remnant assets, reduce investment in the operation and management of assets with relatively lower returns, maintaining a sufficient cash flow reserves in anticipation of the uncertainties in the market, carry out forward-looking market analysis and prepare resources accordingly, while controlling risks and seizing the opportunities arise, and to focus on developing sustainable high-quality projects.

Thirdly, to strengthen the management of the group, improve the overall combat effectiveness of the group, follow-through with the protocols and regulations in place, constant supervision and rewarding performances accordingly, stay problem-oriented, solve problems with precision, in order to have a more systematic approach to work and thereby drive efficiency.

And lastly, to reform and adapt the enterprise management system and operations approach according to the changing needs of the group, to adjust the organizational structure and staffing flexibly, and foster a capable and efficient team of talents. There is a need to transform from a focus on rapid growth, to a focus on high-quality development, as a safeguard on the group's long-term strategy.

Executive Vice President Ms. Chen Xiaoxia also mentioned that as we reflect on our experiences and results objectively, we should be aware of our issues and inadequacies. Our results reflect what we did yesterday, while our issues and inadequacies will impact today, and tomorrow. Hence, we need to eliminate any issues we have, and each of our employees shall always continue improving, and correcting the poor conduct or processes we have been engaging in our work. We should set a higher standard on ourselves, and contribute with more passion and dedication, and have a sense of ownership towards all the tasks we undertake. Our personal development is closely tied to the development of the company, and as we meet with the unique challenges posed by 2020, we should strive to overcome our inadequacies and help the company move to the next level. The company should also create a more stable platform for the career development of our employees, as a reward to the employees for their unity and strength in adversity, breakthroughs, resourcefulness in seizing opportunities, to continually develop with the company.

Financing Department of the Hong Kong Headquarters, Winner of the "Best Team Award"

Business Investment & Expansion Department, Winner of the "Outstanding Team Award"

Operations Management Department, Winner of the "Outstanding Team Award"

During the conference, Ms. Zhong Jie, the Director of the Human Resources & Administration, also announced a list of outstanding teams and individuals who have performed well in 2019.  The awards given out on the day include: one recipient for the "Best Team Award", two recipients for the "Outstanding Team Award", one recipient for the "Best Manager Award", two recipients for the "Outstanding Manager Award", one recipient for the "Best Employee Award", thirteen recipients for the "Outstanding Employee Award", one recipient for the "Distinguished Contributions Award – For 10 Years of Service", and one recipient for the "Special Contributions Award". After the winners are announced, Dr. Chen Hongtian took the stage to for the prize-giving ceremony, and to take photographs with the winning teams and individuals to commemorate the occasion.

Mr. William Zheng, the Director of the Financing Department of the Hong Kong Headquarters, was therecipient of the "Best Manager Award"

Ms. Zhong Jie, Director of the Human Resources & Administration Department, was the recipient of the "Outstanding Manager Award"

Mr. Zhang Xiaogang, Director of the Capital Management Department, was the recipient of the "Outstanding Manager Award"

Ms. Li Xiaofei, Executive Assistant to the Vice President of the Operations Management Department, was the recipient of the "Best Employee Award"

The 13 employees who were awarded the "Outstanding Employee Award"

Executive Vice President Ms. Chen Xiaoxia, recipient of the "Distinguished Contributions Award" for her ten years of service in the company

Mr. William Zheng, Director of the Financing Department of the Hong Kong Headquarters, was the recipient of the "Special Contributions Award"

The representatives and winners of the respective best and outstanding team and individual awards took the stage to say a word of thanks. The winners' remarks were met with warm rounds of applause, and were a morale booster for the rest of the employees to learn from.

Winner's remarks by Mr. William, the Director of the Financing Department of the Hong Kong Headquarters, representative and recipient of the "Best Team Award", "Best Manager Award", and "Special Contributions Award"

Winner's remarks by Ms. Pan Lei, manager of the Business Investment & Expansion Department, representative and recipient of the "Outstanding Team Award" and "Outstanding Employee Award"

Winner's remarks by Ms. Zhong Jie, Director of Human Resources & Administration, recipientof the "Outstanding Manager Award"

Winner's remarks by Ms. Li Xiaofei, Executive Assistant to the Vice President of the Operations Management Department, recipient of the "Best Employee Award"

Winner's remarks by Ms. Guo Huijuan, Executive Assistant to the Vice President of the Operations Management Department, recipient of the "Outstanding Employee Award"

Winner's remarks by Ms. Ma Quan, manager of the Business Investment & Expansion Department, recipient of the "Outstanding Employee Award"

At the end of the Commendation Ceremony, Dr. Chen Hongtian gave a closing speech, in which he commended Executive Vice President Chen Xiaoxia's professional and detailed work report. Dr. Chen also expressed his gratitude to all the employees for their diligence and contributions in the past year. He said that 2019 was the toughest year that he had faced out of his 30 years of business experience, just as many in the private sector would agree with. Cheung Kei Group has built a strong foundation with its years of experience, and were able to adjust the strategic planning of their operations as it had acknowledged the risks of the market earlier than many of its counterparts. Dr. Chen added that he was pleased that the group was able to deliver on its major plans, and have made some breakthroughs in some areas.

Dr. Chen also mentioned the inherent issues in the group's management and work, and shared his visions and goals. He pointed out that as 2019 is a year of strategic adjustments for the company, although the group has delivered on its operations and plans, they were unable to achieve better performance due to the market climate externally, as the value of assets is depreciating. Although the past year has been challenging, he was glad to see many areas that the employees are performing well in. In times of hardship, many employees have also stepped up to the challenge out of their passion towards the company, their optimism to their career. Many employees were proactive in their respective roles, and Dr. Chen hoped that all employees would learn from these fine examples, to improve their skills and qualities, nurture better professional conduct, and to simply work diligently. He added that the most exceptional businesses and employees are the results of many challenges, and success is only possible with perseverance. He hoped that after the challenges of 2019, 2020 will usher in a better market outlook, and both the group and its employees would be able to develop and achieve more. He concluded his closing speech with a heartfelt thank you to all employees of Cheung Kei Group, and wished everyone good health, and progress in their career.

The conference concluded successfully after two hours. Looking forward in 2020, all employees of Cheung Kei group will work inunity to confront the new challenges and opportunities of the market, under the guidance of Dr. Chen Hongtian, to contribute to the continuous growth of the company.