【Rifa News】 From November 19th to 20th, Zhejiang listed company governance work conference was successfully held in Hangzhou Xiaoshan International Hotel. The meeting mainly conducted special research and deployment on how to strengthen the supervision and management of listed companies, promote the standardized operation of listed companies, and uniquely established the first listed company self-regulatory organization in the country-the Listed Company Association, marking the listed companies in our province The supervision and management of ZheJiang has developed from pure heteronomy to a road of combining heteronomy and self-discipline, and will make an important contribution to maintaining the good market image of the Zhejiang sector. Ye Rongbao, Deputy Governor of Zhejiang Province, Chen Jinwei, Director of the Civil Administration Bureau of the Civil Affairs Department of Zhejiang Province, Wang Baotong, Director of the Hangzhou Securities Regulatory Office of the China Political Supervision Commission (hereinafter referred to as "Hangzhou Special Office"), Shao Xiqiu, Deputy Director, and Hangzhou Special Office of the China Securities Regulatory Commission listed Director Fu Min of the Corporate Supervision Department and other leaders attended the meeting. Director Wang Baotong presided over the meeting. Representatives of more than 130 companies listed and proposed to be listed and representatives of intermediary agencies attended the meeting. Chairman Wu Jie of Zhejiang Rifa Digital Precision Machinery Co., Ltd. attended the meeting as a representative of companies to be listed.

The conference opened at 9:00 am on the 19th. Vice Governor Ye Baorong first addressed the conference. Then, Commissioner Chen Jinwei read out the approval document of the Zhejiang Provincial Department of Civil Affairs on agreeing to establish the Zhejiang Listed Company Association, and Director Fu Min gave a simple work report on the preparations for the establishment of the association. The conference deliberated and passed the "Articles of Association of Zhejiang Listed Companies (Draft)", "Administrative Measures for Members of Zhejiang Listed Companies Association (Draft)", "Administrative Measures for Funds of Zhejiang Listed Companies Association (Draft)", and "Zhejiang Listed Companies' Self-Discipline Convention for Humorous Members (Draft)" and other documents, and elected members of the first board of directors of the Zhejiang Listed Companies Association. Authoritative experts and scholars such as Dr. Zhang Ying, Deputy General Manager of the Shenzhen Stock Exchange, Dr. Tong Daochi, Deputy Director of the Listing Department of the China Securities Regulatory Commission, and Dr. Liu Huimin, Deputy General Manager of the Shanghai Stock Exchange, gave keynote speeches on the governance of listed companies. On the morning of the 20th, relevant local governments and companies also exchanged experiences in advancing corporate governance at the meeting.

Zhejiang Association of Listed Companies is the first self-regulatory organization of listed companies in the country. It is mainly aimed at the current situation that some listed companies’ information disclosure is not true, prepared, complete, and timely, malicious fraud, related transactions and other irregular operations. The purpose of the company's voluntary establishment is to strengthen the self-discipline management of listed companies, safeguard the legitimate rights and interests of members, adhere to the legally regulated operation of listed companies in the securities market, and ensure and promote the healthy development of listed companies and the securities market. The state of corporate governance is related to whether the system innovation of Chinese enterprises can be realized, related to the healthy development of listed companies and the stock market, and whether it can effectively protect the interests of investors. Therefore, it is to improve the quality of listed companies. Basic work to consolidate the cornerstone of the securities market. The purpose of this meeting is to raise the company’s awareness of the importance of corporate governance, enhance the sense of responsibility and mission of corporate governance, start with improving the integrity awareness of the company’s senior The construction of the internal control system is a way to continuously improve and perfect the corporate governance structure, strive to enhance the corporate governance standard, and enhance the core competitiveness.

As of the end of October 2001, there were 40 listed companies in our province (excluding Ningbo) with total assets of 76.683 billion yuan, and the total market value accounted for about 30% of our province's GDP. Therefore, the quality of listed companies is directly related to the quality of our province's national economy, as well as the market image of our province's listed companies. The timely convening of this meeting is of far-reaching significance for further maintaining and consolidating the market image of listed companies in Zhejiang.