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JIANGSU DAZHONG WATER GROUP CO., LTD. HELD THE 2024 INTERIM WORK MEETING

The 2024 Interim Work Meeting of Jiangsu Dazhong is being held successively at the subsidiaries. Zhang Rongzheng, Vice President of the Group and the leader in charge of the environmental sector, attended the meeting. Managerial team of Jiangsu Dazhong, heads of the functional departments at the headquarters, operating teams, talent pipeline development staff, and team leaders participated in the meeting. The meeting was chaired by General Manager He Zhou.

On August 1, Zhang Rongzheng and the leader in charge of the environmental sector, along with the managerial team of Jiangsu Dazhong, delivered summer cooling supplies and greetings to grassroots employees of the Pizhou subsidiary, and held the first session of the Jiangsu Dazhong interim work conference.

On August 2, the 2nd session of the Jiangsu Dazhong interim work conference was held at the Jiawang subsidiary.

During the meeting, General Manager He Zhou announced the "Decision on the Appointment of Personnel". The participants from each subsidiary reported on the completion of the main safety production, operation, and management work in the first half of the year and the key work plans for the second half. The heads of various functional departments analyzed and discussed the internal control management, the implementation of major repair plans, and the operation of the asset management system, and the expense comparisons for the first half of the past three years. The leaders in charge made exchange speeches on the analysis of business activities in the first half, technical and safety operations, and business management.

After listening to the speeches and communication, Ms. Zhang Rongzheng, in line with the guiding principles of the interim work conference of the Group and the key tasks of Jiangsu Dazhong for the second half of the year, put forward the following work requirements: To ensure the “redline” of safe production and the "bottom line" of meeting emission standards; To continuously strengthen refined management, refine process operation analysis, and use standardized management as a means to reach a balance between production and cost control; To improve the information management level, rely on information technology to explore and establish a big data model, let data reflect value and create value, and achieve resource sharing in the environmental sector; To make rational use of the dynamic asset management system and synchronize with the asset management system research work; To pay high attention to the accounts receivable issues, try to reduce the payment period, and maintain the current payment period; To strengthen the talent pipeline development, optimize the compensation system and assessment methods, and establish a sound compensation distribution and assessment mechanism.

It is emphasized that the functional departments should prepare financial analysis data and performance evaluation indicators, and timely sends operational financial data to the management teams. The operational and financial data of each subsidiary should be compared horizontally and the reasons for changes in costs should be analyzed. Performance evaluation indicators should include year-on-year data from the past three years and reflect the completion of the annual budget. The trade union should fully play an active guiding role, constantly stimulate the innovative consciousness of grassroots organizations, and provide suggestions for the stable development of enterprises. Each unit should exert subjective initiative, form a joint force, and strive to achieve the annual business tasks.