Wang Weiqin firstly introduced some conditions of this high pressure project. He said, from the establishment in 1989, Hixih Group has been through 7 development process. From the 7 time point, we could see every two years Hixih Group would have a great leap. We invested 10 billion yuan, 9 new big projects, to lead Hixih Group to a new journey. As part of the new strategic planning capacity of high pressure hose project 100 million standard meters, total investment of 200 million U.S. dollars.

 

After the introduction, media reporter began to ask questions. The reporter from < Huanqiu Shibao> asked: in the current circumstances of gradual tightening macroeconomic policy, how could Hixih Group raise the required 10 billion of funds on nine new projects? Chairman answered: There are three aspects of our financial guarantees: First, strong enterprise strength. Second, we have a good working relationship with the bank. Third, there is a strong partner to back us.

 

Carlyle Group is the world's largest private investment fund, and its every move is paid much media attention. Journalists from and Sina asked Carlyle Group GM Boyle why Carlyle Group cooperated with Hixih Group. He said, through the cooperation with Hixih Group, we paid more attention to the good future vision of Chinese conveyor belt industry. At the same time, with Mr. Niu’s excellent leadership and his best team, we were more confident. After the establishment of joint venture, this company became bigger and bigger, so we decided to have further cooperation with Hixih Group on some new projects besides hose project.

 

As the newcomer in China hose market, how could Aneng Company use Veyance the world-class brand to enter the market? This was what < China Chemical Industry News> asked. They asked Mr. Tim, What are the advantages of high pressure hose made by Aneng Company? Tim introduced that, Goodyear Engineered branded Hose in the world occupied the leading position in the market, with world-renowned brand, the world's most outstanding R & D personnel, as well as world-class production technologies and manufacturing processes, our quality and performance being of the world's leading. Meanwhile, Chairman Niu had a solid customer base and good sales channels. We had had big success in conveyor belt and I believed we would also have success in hose. Tim also answered questions on IPO of Aneng Company.

 

Hixih Group first-class park environment left a deep impression to reporters. Microsoft's MSN Chinese reporter asked the Chairman about the social responsibility. The Chairman said, our company attached great importance to social responsibility. He had a point, when the company becoming big, the social responsibility should be put in the first place. This social responsibility includes helping poor and loving the environment. In the development process, we strictly follow the national industrial policy. In enterprise development, together with the surrounding three villages, we set up a party committee, which was fully affirmed by the people and multi-level leadership of the provincial cities. In the future development, we will continue to enhance social responsibility to achieve sustainable development.

 

This meeting lasted 40 minutes.