The Sixth Session of the First Board of Directors of Jinan Ludong Refractory Materials Co., Ltd. was successfully held.

Published Time:

2023-03-30

On the afternoon of March 30, 2023, the first meeting of the sixth board of directors of Jinan Ludong Refractory Materials Co., Ltd. was officially held in the east conference hall on the second floor of the company. The meeting was presided over by Mr. Fang Qiang, chairman of the board. Mr. Tianye Yoichi and Mr. Sato Koichi, vice chairmen, attended the meeting online. All directors and attendees of the company participated in this meeting.

On the afternoon of March 30, 2023, the sixth session of the first board meeting of Jinan Ludong Refractory Materials Co., Ltd. was officially held in the east meeting room on the second floor of the company. The meeting was presided over by Mr. Fang Qiang, chairman of the board; Mr. Tenno Yoichi and Mr. Sato Koichi, vice chairmen, attended the meeting online; and all company directors and attendees participated in this meeting.

The meeting deliberated and adopted eight proposals, including "Company's 2022 Production and Equipment Management Work Report," "Company's 2022 Financial Settlement and Profit Distribution Report," "2023 Financial Budget Report," and "Company's 2022 Domestic and International Market Sales Work Report." Discussions also focused on the profit distribution plan for 2022.

Over the past three years, the Chinese refractory materials industry has faced significant export challenges due to the COVID-19 pandemic, national policy adjustments, and international relations. These factors have led to vicious price competition among companies, including undercutting and dumping, a phenomenon unlikely to change in the short term. China's carbon peak, carbon neutrality, and low-carbon economic development are becoming the norm, with increasingly stringent environmental emission standards and stricter controls on mining resource extraction. The complex and volatile international situation is difficult to predict. Under the influence of unfavorable internal and external factors, 2023 will still be a year of difficulties and challenges for the company's production and operation. We will take the company's 2023 plan as our goal, guided by the principle of "unity, pragmatism, and excellence," and using "capacity enhancement, consumption reduction, and cost control" as our means. We will clearly understand the situation, maintain our confidence, further tap internal potential, reduce operating costs, strive to improve the competitiveness of our products, and work together with Tokyo Trading Co., Ltd. and Shinagawa Refractories Co., Ltd. to steadily advance and ensure the stable and healthy development of the company.