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Chairman Speech for the New Year

2012-12-23
I am pleased to take this opportunity of the new year to extend my new year greetings to all Newayers. The year 2011 was essential to Neway International Group and there is a lot worthy of summing up. I’d like to share the expectation of the board of chairman with all Newayers.
In 2012, we are going to face very complicated international and domestic situation. In the United States, unemployment rate keeps soaring under slow economic recovery. Debt crisis in European, nuclear threatening and political crisis in Middle East, all of these made international market incertitude. Export decline in some of electronic industry had been witnessed. Due to inflation in China, the state rules banks with prudent fiscal policy over bank capital. It is difficult to foretell the macro influence of the government over enterprises of medium and small size. We estimated that it is very difficult to reboot to the best situation in a short time. Most of Neway clients are just enterprises of the kind while the marketing environment should be incertitude in 2012.
With experience in 2011, Neway CNC production ability improves obviously and is able to grow at a high speed. For Neway CNC, 80% of the marked share is in China. Neway marketing situation next year is largely relied on the situation of domestic market.
We estimate that sales shall be dull in the first quarter and the situation shall be better after 2nd or 3rd quarter. On top of this, encourages for business restructuring from the government shall pull forward the advanced equipment manufacturing industry like Neway CNC Equipment. Therefore, the board of chairman is fully confident and requires that the company sales increase by 50 percent next year.
To fulfill the 2012 target, I have some requirements:
1. endeavor to boost the spirit of “finding new way”, to be creative in management and make progress.
2. develop new market and new products, create potential development.
3. make good use of resource, enhance efficiency, lowering operation cost and be more competitive.
4. improve technology, quality and character.
5. strengthen further training. Better working ability,
6. plant enterprise culture and be more centripetal.
7. cultivate staff happiness.

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