From July 11th to 19th, the Deputy General Manager of the Group, Cui Xiaodong and others had been in South Africa, to attend the first shareholder meeting and the board meeting of Foma Southern Africa Pty. Ltd., which was followed by an inspection of the company operation, he listened to the work report about the pre-preparation and trial run status of the company, as well as the plan for team training and market promotion during the next stages.

　　During the shareholders meeting and the board meeting, all parties have fully discussed and formed resolutions on the management structure, personnel arrangement, fund management, operation objectives, and follow-up work arrangement and so on. At present, Foma Southern Africa Pty. Ltd. has already seen sales revenue, all shareholders are highly confident about the future of the company; its operation has also laid a solid foundation for market expansion of the Group in South Africa.