On October 23 through 26, the annual financial work meeting 2018 of China Haisum Engineering Co., Ltd. was held in Guangzhou. The meeting was presided over by CFO Lin Lin, and Chen Rongrong, Leader of the Guangzhou Company delivered a welcome speech; Xu Datong, Party Secretary and Chairman of China Haisum Engineering Co., Ltd. was present and gave important instructions.

At the meeting, CFO Lin briefly introduced the strategic plans of Poly Group and China Haisum Engineering Co., Ltd., the assessment system of Poly Group, and the connection scheme between Sinolight Corporation and Poly Financial Company for centralized management of funds; additionally, CFO Lin raised relevant requirements for key financial assignments for the fourth quarter of year 2018 and for year 2019. Zhong Changsheng, Financial Manager of China Haisum Engineering Co., Ltd. communicated the latest institutional and administrative requirements of Poly Group, and briefed the participants on the financial operation and the progress of key assignments of China Haisum Engineering Co., Ltd. in 2018.

Chairman Xu presented important instructions at the meeting. Chairman Xu pointed out that the financial meeting was an important one held in the first year after China Haisum Engineering Co., Ltd. joined Poly Group. The merger of Poly Group and China Haisum Engineering Co., Ltd. means that the Company’s financial operation shall not only measure up to the standard for listed company and comply with the requirements of Sinolight Corporation, but shall also meet the financial operation requirements of Poly Group; in such a context, the financial staff of China Haisum Engineering Co., Ltd. was bound to face a new wave of stresses and challenges. Chairman Xu affirmed the professional integrity and professionalism exhibited by all financial staff under pressure, as well as the hard work they have been done; he said the Company would keep on fully supporting the financial operation of China Haisum Engineering Co., Ltd. He also required all financial staff to create a global awareness in the new situation, grasp the nettle, dare to struggle, and embrace responsibility with passion, hoping that financial staff should get familiar with the production and operation of their own companies, and fully grasp the production and operation of the entire joint-stock company, thereby making their own contributions thereto.

Then, Chairman Xu introduced the production and operation of joint-stock company in the first three quarters of 2018, and analyzed and commented on each company’s achievements and existing problems.

The meeting specially invited the personnel of Grant Thornton to give instructions and description of key issues for the audit 2018. The subsidiaries reported and exchanged with each other on issues such as “the reduction of finished goods inventory of industrial enterprises and net accounts receivable”, the building of financial team, and the major financial matters.