With the approval of China SecuritiesRegulatory Commission (CSRC), ethylene glycol(EG) futures contracts can belisted and traded on Dalian Commodity Exchange from December 10, 2018. Ningbo Ningshing Tank Terminal Co., Ltd was selected as the firstbatch of 13 designated delivery warehouses. The approval of EG futurescontracts for listing will greatly increase the activity of EG in the domesticmarket and enhance China’s pricing voice in the global EG market. Fordownstream factories, it is helpful to hedge operations and avoid the risk ofraw material price fluctuations. Ningshing Tank Terminal, as the onlydesignated delivery warehouse in Zhejiang, will further expand its customerresources, increase storage capacity and management performance, and improveits brand awareness.

The League Branch of Ningshing Ubay International TradeCo., Ltd. was commended by the Zhejiang Province Committee of the CommunistYouth League and awarded the honorary title of provincial advanced LeagueBranch in 2017.Ningshing Ubay was awarded as e-commerce demonstrationenterprise by the Department of Commerce of China. It has won the Tmall Global BillionClub Award and ranks first in Ningbo's cross-border purchasing enterprises forthree consecutive years. It is a young team with an average age of less than27. Since its establishment, Ningshing Ubay has given full play to the role ofyouth members of the company. Regarding the business objectives and the centraltask of innovative development, the League Branch has continuously strengthenedthe organization and system construction. Taking the Youth CivilizationDemonstration Post, it established the Youth Civilization, organized a trainingcourse of "Career-based, adhering to Quality Civilization Service", developedthe team activities and youth volunteer service as the starting points, giving full play to advantages, gathering strength,effectively carrying out the work of the Communist Youth League, and playing avital role in the innovation and development of the company. Ningshing UbayLeague Branch will continue to lead Youth League members don't forget the firstthought and move forward, contributing youth and wisdom to the development ofthe company.

On the afternoon of November 27, 2018, the third representativeconference & employee representative conference of Ningshing Holding Trade Unionwere held in Ningbo Xinriyue Hotel. A total of 86 member representatives from Ningshing subsidiariesand headquarter departments attended the conference. The conference also specially invited Vice Chairman of the Trade Unionof Ningbo Finance and Trade Sector, Mr. Jin Rubiao, and the Chairman of NingshingHoldings, Mr. Wu Yigang.The conference deliberated and approved the work report by thechairman of Ningshing Holding's second trade union committee, Mrs. Gao Pingthemed as《start a new starting point, create new advantages, show new behaviors,and unite and mobilize the employees to make contributions in the new journey ofinnovation and development》. The conference also reviewedand approved the work report of the second session of the fund review committeeby Mrs. Yang Xiaojun, and the commended 18 trade union activists.The conference elected the members of the Third Ningshing HoldingTrade Union and the members of the fund review committee. The third trade union committee of Ningshing consists of 11members including Gao Ping, Li Junbo, Zhang Huihong, Yang Zhefang, ShenYuehong, Qi Yun, Cao Xudong, Yuan Yajun, Zhang Yu, Xu Yuelai and Wang Puru.The third session of the fund review committee consists of threemembers: Hu Sainan, Shen Qiongfang and Wang Shangjie. The conference also reviewed and approved the revised"Employee Handbook" and "Collective Contract", and the"collective contract" was signed by Wu Yigang, the legalrepresentative and Chairman of Ningshing Holdings, and Gao Ping, therepresentative of the new Trade Union Committee.Jin Rubiao, vice chairman of Ningbo Trade Union in finance andTrade sector, fully affirmed the work of Ningshing Holding Trade Union and putforward requirements for the new trade union. Wu Yigang, Chairman of NingshingHoldings fully affirmed that the previous Trade Union Committee has donefruitful work to safeguard the rights and interests of all employees andpromoted the healthy and stable development of the company. It is hoped thatthe new trade union will promote the spirit of the model workers and the spiritof artisans, fully mobilize the enthusiasm of employees and safeguard theemployees' rights and interests. He called for strengthening the self- construction,making contributions to the innovation and development of the Company, andrealizing the growth and development of employees and enterprises.

On November 25,Ningshing Holdings’s enterprise union organized Walking Race along DongqianLake of Ningbo. Ningshing Holdings’ chairman WU Yigang, party chief, vice-chairmanand union president Gao Ping, vice president Huang Yongzeng, subsidiaries’managers and other 300 staffs composed 25 teams.The competitionstarted with vice chairman Gao Ping’s start slogan. The whole walking distancewas 8 km, along which all staffs of Ningshing struggled in the competition,showed power and passion. Finally, 1st Teamof Ningbo Ningshing Trading Group gained championship, 1st Team of NingboNingshing Kinhil and 3rd Team of Ningbo Sinomach NingshingAutomobile Investment won the 2nd place, 1st Team of NingboNingshing Special-steel, Team of Ningbo Ningshing Yoyou and 4th Teamof Ningbo Ningshing Special-steel won the 3rd place. This walkingcompetition aimed to motivate the spirit of cooperation and striving, enhancethe team sense of honor and mission and show positive spirit. NingshingHoldings will organize more activities to promote staffs and enterprisesdevelopment.