On January 18, 2021, with the theme of "Navigating and Orienting, Sailing Away", the Fucheng Group's 2020 year-end management work conference was successfully held; in order to avoid the risk of the epidemic, the conference was conducted by video link between the headquarters and the five plants. The number of participants was strictly limited to 50, and a series of epidemic prevention measures were implemented.

The meeting started with the annual operation work report by each operation unit and functional centre, summarising and reviewing the work achievements in 2020, reviewing the deficiencies in the work of the department and clarifying the work priorities for 2021, as well as elaborating on the planning of the top-level design of the department.

In 2020, the automotive industry experienced a low period, and a recovery period, to a full rebound; In this year, the sudden epidemic changed our lives, changed the industrial structure and changed our way of thinking; under the influence of comprehensive factors such as the slowdown of macroeconomic growth, the crowding-out effect of the real estate market, the consumption front caused by tax incentives and the epidemic, the entire Group exceeded the sales target tailored at the beginning of the year in 2020, an achievement that was not easy to come by in such a tough environment!

Finally, Ms. Huang Yaojun, Deputy Chairman of the Group, and Mr. Fang Yisheng, Chairman of the Group, concluded their speeches by affirming the work of all departments in 2020, making on-site announcements on the Group's strategic positioning and strategic initiatives, as well as putting forward higher requirements and expectations for 2021:

After an extraordinary 2020, we welcome a promising 2021. The market is still full of uncertainties due to the continuation of the globalisation epidemic and the impact of chip outages; if it is said that the automotive market has entered a "winter period" since 2018, then 2020 is undoubtedly the "darkest hour" of the global automotive market. "With the gradual implementation of new policies in the auto industry, the recovery of the auto industry is only the beginning, and auto sales will continue to develop positively, and the auto market will still usher in a new round of development opportunities. Domestic auto sales are still expected to grow by 3% to 5% in 2021.

In 2021, vehicle OEMs will further restructure/merge and new car-making forces will continue to emerge. Driven by policies, the development of cars towards electrification and intelligence is an inevitable trend and irreversible. In order to cope with market uncertainties and improve resilience, it is necessary to take strategic intent and strategic objectives as the core, strengthen technological innovation capabilities and thinking, and continuously build technological core competencies to cope with market uncertainties, with "cost leadership, efficiency driven, globalization We are guided by "cost leadership, efficiency-driven, global management" and the management initiative of "strengthening management, upgrading, market expansion and development".

The year 2020 has been a remarkable year. In the new year 2021, let's continue to strengthen the foundation and work hard to achieve source management, closed-loop management and loop management.

In the midst of the crisis, we will cultivate new opportunities, and open up a new situation in the midst of changes!

    Excellence in business, we are on our way ......