On the afternoon of May 9, the Business Working Conference for May 2020 of JAYU Group was held at the Beijing headquarters. Tian Jiayu, Chairman of the Group, and the management leaders of the Group, wholly-owned subsidiaries and holding companies attended the conference. The conference was presided over by Zhang Guofeng, Executive President of the Group.

The completion of the January-April operation work and the May-June work plan were reported by the person in charge of the Group's Operation Management Center and various industrial units in the conference.

Tian Jiayu, Chairman of the Group, pointed out that this conference demonstrated the business results achieved from January to April and the overall performance of the Group that is stable with good momentum. In the meanwhile, we all shall be more aware of the industry market weather vane under the background of the “post-outbreak era”, keep a sense of crisis at all times and look for the power to move forward amidst changes and maintain sustainable growth.

First, the functional systems and business units of the Group shall take effective measures to solve the practical difficulties encountered in production and operation, ensuring the completion of the annual task and objectives. Second, we shall continue to strengthen internal control management, implement classified policies and focus on the payment collection and strictly control direct costs, ensuring the maximizing of project profits. Third, we shall continue to speed up destocking and risk prevention and control to ensure the continuous fighting capacity in the survival and development of the Company. Fourth, we shall plan ahead, seize the market, take various measures simultaneously, and make unremitting efforts to achieve the annual work tasks.

He emphasized that the results of cost reduction and efficiency enhancement at this stage have been revealed, and in the next step, we must continue to adhere to the idea of “stable operation, risk prevention and control”. All industrial units shall further increase income and reduce expenditure, focus on internal control management and cash flow, take annual goals as their lifeline, and go all out to achieve core indicators.