On August 8, China Haisum Engineering Co., Ltd. (hereinafter referred to as “China Haisum”) held the Conference on the Work in the First Half of 2024 in Shanghai. The attendees to the Conference at the main venue and video sub-venue included the full-time external directors of Poly Sinolight, the members of the leadership team of China Haisum, the heads of the departments at the Headquarters, the principal leaders of business entities, as well as the members of the leadership team, department heads, and employee representatives of business entities.

Following the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the Conference thoroughly studied and implemented the guiding principles from the Party’s 20th National Congress and the Third Plenary Session of the 20th Party Central Committee, conveyed and implemented the guiding principles from the conferences of Poly Group and Poly Sinolight on the work in the first half of 2024, summarized the progress of business management, development and reform work in the first half of 2024, laid out major tasks for the second half of 2024, and mobilized all cadres and employees to proceed with confidence, to seize opportunities, and to build on the sound momentum, for the purpose of ensuring high-quality completion of the goals and tasks for the year 2024.

At the Conference, Zhao Guoang, Deputy General Manager of Poly Sinolight and Secretary of the Party Committee and Chairman of China Haisum, first conveyed the guiding principles from the conferences of Poly Group and Poly Sinolight on the work in the first half of 2024.

Chen Rongrong, Deputy Secretary of the Party Committee and President of China Haisum, delivered a work report on business operations in the first half of 2024 with the title of "Revitalizing New Momentum, Advancing Despite Pressure, and Striving to Achieve New Heights in High-quality Development of China Haisum". The Report has comprehensively summarized the production and business operations in the first half of 2014. In 2024, China Haisum has been centering on the primary task of high-quality development, and focusing on eight key tasks: "strengthening the foundation for traditional business, expanding the range of the second curve, returning to overseas growth, taking marketing to new heights, consolidating scientific and technological innovation for long-term development, deepening institutional reforms, exploring market value management, and enhancing Party building guarantees"; it has made solid progress in market development, operational control, technological innovation, development and reform, Party building and other work, and continued to maintain a steady development trend.

The Report has also analyzed the main problems that remain, and laid out plans for key tasks for the second half of 2014:

The first is to advance despite pressure, so as to ensure the completion of the business goals and tasks for the year 2024;

The second is to continue to make vigorous efforts to promote the effective implementation of various reform initiatives;

The third is to revitalize new momentum and enhance the digital empowerment of technological innovation;

The fourth is to carry out lean management and control, steadily improving the level of efficiency and profitability;

The fifth is to carry out compliance control and continuously forestall and defuse major risks;

The sixth is to strengthen enterprises with talents, giving full play to the role of talents -- the most essential resource;

The seventh is to effectively manage the market value, making good use of various market value management instruments;

The eighth is to exercise full and strict governance over the Party, continuously solidifying the guiding role of Party building.

Zhao Guoang delivered a concluding speech with the title of "Anchoring Advantageous Directions, Optimizing the Allocation of Resources, and Improving the Quality and Efficiency of Business Operations". He pointed out that from 2020 to 2023, the Company's performance significantly increased, demonstrating the Company's firm commitment to achieving the goals of the 14th Five-Year Plan. During this period, the Company achieved breakthrough progress in various aspects such as market, management, technology, risk control, and capital, laying a solid foundation for future development. However, in the face of the complex and challenging external environment, we still must intensify our efforts to advance internal management measures and improve efficiency. We must concentrate our attention to carefully examining ourselves, in order to see clearly the future direction and priorities of business development.

With the help of the Boston Matrix, Zhao Guoang conducted a detailed analysis of the Company as a whole and its various business units. In light of the current business situation, he proposed corresponding strategies for the Company's four major operations and business entities. He requested that all entities should learn from this thinking and approach, continue to analyze their own business and industry in depth, understand “what to do and what not to do”, and then more accurately find a suitable development path and core business, laying a solid foundation for the Company's long-term development.

Zhao Guoang stressed that we must fully follow through on the guiding principles of the third plenary session of the 20th CPC Central Committee, and comprehensively propel the Company towards high-quality development. We must deeply understand the core essence of the Conference and take it as our guide for action. We will anchor advantageous directions, optimize the allocation of resources, and improve the quality and efficiency of business operations, to ensure that the Company can move forward steadily in a complex and changing market environment and achieve higher-quality development.

At the Conference, the members of the Company's business operation team respectively delivered keynote speeches with the titles of "Ideas on the Construction of the System of Integrating Business and Finance", "Ideas on the Development Direction and Path Construction of Brand and Marketing", "Ideas on the Whole-process and Whole-cost Dynamic Management System", and "Practice and Thinking on the Accountability System for the Project Manager".

The Strategic Operations Center of the Headquarters reported the production and business operations in the first half of 2024. The Workplace Safety Supervision Department publicized and interpreted the "Management Measures for Safety Accident Punishments". The Intelligent Manufacturing Division and the “Dual Carbon” Technology Innovation Center exchanged and reported their work in light of their respective business sectors. Zheng Wen, general manager of the Shanghai headquarters, shared the "Ideas on the Acceptance and Execution of 3D Design Empowering Projects". The Conference also invited Lawyer Ni Junji from Guohao Law Firm to give special training on "Key Points for Corporate Governance and the Duty Performance of Directors, Supervisors and Senior Management Members under the New Company Law".

The Company's Party Committee commended the advanced collectives and individuals who won the annual "Two Excellences and One Pioneer" awards.