During the sweltering heat of late July, a delegation from Ningshing Holdings, including Chairman Wu Yigang, Vice Chairman & Party Secretary Gao Ping, and key departments heads of the headquarters, embarked on a two-day tour from July 29th to 30th. They visited various subsidiaries including Ningshing Precision Machinery Group, Ningshing Ship Building & Repairing, Ningshing Yoyou Feed, Ningshing Tank Terminal, Ningshing Ubay Logistics, Ningbo Sunflower Shading Equipment, and Ningbo Ningshing Toyota Auto, on behalf of Ningshing Holdings’ Board of Directors, Senior Management Team, the company Party Committee, and the Labor Union, to extend their heartfelt consolation to the dedicated front-line staff.Chairman Wu Yigang praised the collective efforts of all companies during the first half of the year, acknowledging that they had faced and overcome challenges in a complex and severe business climate. He praised the Ningshing staff for their bravery, solidarity, and spirit of collaboration. Despite the mounting economic pressures and the demanding tasks of production and operation, Mr. Wu emphasized the importance of strict adherence to safety protocols and the maintenance of a strong work ethic, urging the companies to face challenges head-on without fear. He specifically highlighted the importance of balancing production efficiency with employee well-being, calling for the implementation of comprehensive safety measures and heatstroke prevention initiatives. He advised employees to enhance self-protection against heatstroke and diseases, to balance work with adequate rest, and to prepare themselves to contribute to the second half of the year with improved health and renewed vigor, aiming to achieve the target tasks for 2024.

On July 25th, Ningshing Ubay, a subsidiary of Ningshing Holdings, and Nongshim Taekyung, a subsidiary of Korea Nongshim Group, held a signing ceremony of strategic cooperation in South Korea.Mrs. Shi Chenjia, vice president of Ningshing Holdings and general manager of Ningshing Ubay, and Mr. Cheon Youngkyu, the representative of Nongshim Taekyung, signed a business cooperation agreement on behalf of their respective companies. Also present at the signing ceremony were Mr. Kim Youngho, director of the business support department of Nongshim Taekyung, Mr. Kim Minsoo, director of the business department of Nongshim Taekyung, and Mr. Tan Zhengguo, vice president of Ningshing Holdings and chairman of Ningshing Ubay.Nongshim Taekyung is South Korea's largest manufacturer of food materials and an important business segment of Korea Nongshim Group. Adhering to its founding principles, Nongshim Taekyung creates a rich food culture, carefully selects raw materials, and crafts a rich taste to ensure customer health. It has enjoyed its reputation as an honest, responsible, and trusted food enterprise among consumers.At the signing ceremony, Mr. Tan Zhengguo expressed his firm belief that Nongshim Taekyung, which had earned consumer trust, and Ningshing Ubay, known for its innovation and pioneering spirit, would achieve a breakthrough win-win situation in the China market. Mr. Cheon Youngkyu expressed his conviction that through in-depth cooperation with Ningshing Ubay, Nongshim Taekyung's plant-based food substitutes would be successfully introduced to the China market and create outstanding achievements together.

On July 23rd, Ningshing Holdings conducted its 2024 semi-annual business meeting. Over 20 senior executives were in attendance, including the leadership of the Ningshing Holdings, chairman, general managers of each subsidiary, and department heads from the headquarters. The meeting was presided over by Mrs Gao Ping, vice chairman and party secretary of the company.Firstly, the meeting commenced with a study session dedicated to the Party Committee of Ningshing Holdings. Mrs.Gao Ping read the “Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization” issued by the Third Plenary Session of the 20th Central Committee of the Communist Party of China.She emphasized the importance for all companies and party organizations at all levels to earnestly study and comprehend the spirit of the plenary session, urged them to recognize the general trend, seize opportunities, and seek development.According to the annual task objectives and requirements, the senior executives briefly reported their business performance in the first half of the year. They identified the problems, analyzed the current situation and put forward the work plan and implementation measures for the next half of the year.Chairman Wu Yigang addressed the meeting, noting the tough market conditions characterized by a marked slowdown or even a serious decline in growth rates across various industries. Despite these challenges, he praised the companies for enhancing their professional operations, proactively expanding their market coverage, and implementing various strategies to stabilize their business operations, resulting in work that was both notable and distinctive. He then outlined the key focus areas for the upcoming period.In anticipation of the difficulties and challenges in the second half of the year, he encouraged the companies to bolster their confidence, to further strengthen professional operations within the framework of corporate governance, to fully engage in market expansion, to enhance liquidity management and risk prevention and control, to persist in innovative research and development, to advance the development of digitalization and intelligence, to reinforce production safety, and to deepen strategic cooperation for mutual benefit and win-win outcomes.Chairman Wu called upon management teams at all levels to give full play to the exemplary, and contribute to the realization of Ningshing Holding's annual goal.

In a vibrant tribute to the 103rd anniversary of the founding of the Communist Party of China (CPC), Ningshing Holdings Party committee organized a series of commemorative activities that took place in Jiaojiang district, Taizhou, on June 29th. These activities were crafted to celebrate the Party's storied past, honor the revolutionary heroes, and invigorate the spirit of party member cadres. The celebration commenced with an attendance of over 200 party members, including Mr. Wu Yigang, Chairman of Ningshing Holdings, Mrs. Gao Ping, Party Secretary and Vice Chairman, and representatives from various companies’ party committees.Firstly, all members visited the Yijiangshan Island Landing War Memorial Hall, where party members contemplated the historic battle and the People's Liberation Army's remarkable triumphs. A solemn ceremony was held at the Liberation Yijiangshan Island Battle Memorial Tower, led by Comrade Huang Yongzeng, a member of the Party Committee and Vice President of Ningshing Holdings.Mrs. Gao delivered a speech. She underscored the significance of the year for Ningshing Holdings, as it stepped into a new era of innovation and diligent endeavor following strategic management adjustments. She called upon all party member cadres to deeply embrace the spirit of unity and tenacity, adhere to the Party's principles, work hard to perform their duties and pursue new achievement.Secondly, all members climbed along the Great Wall in the southern Yangtze River region in Jiaojiang district, where party members were awed by the majestic road and the amazing natural beauty in the area. This kind of immersive experience further inspired their commitment to their duties and the mission of the Party.The thematic Party Day activities were not only rich in content but also meticulously organized, reflecting the depth of Ningshing's respect for the CPC's enduring legacy and its unwavering commitment to the Party's ideals.