CEC held management annual conference from January 4th to 6th, 2008 at Changsha Runyuan Training Center. All middle-level and above cadres attended the meeting.

During the conference, Marketing Management Department reported the production and management situation in 2007, Finance & Accounting Department notified internal financial balance status in 2007 and each production department made a review and summary of the work done in the past year.

Technical & Quality Control Department made a detailed report on science & technology innovation development in the previous year and researches to be proceeded in the coming 2008, meanwhile, introduced the development of the Integrated Information Management System and working arrangement for the next step. Mr. Tan Shengxi, vice president of CEC, emphasized that the science & technology innovation is the everlasting motif of corporation development and made plans for further implementation of quality management system and update of related assessment methods in 2008.

Project Contracting Department reported the operating status of general contracting and its development, introduced progress of Hunan Xiangfeng Special Paper Project and proposed the idea and plan for future general contracting business.

Marketing Management Department made a particular presentation on CEC mid-term development draft plan and arranged detailed work for each functional department in 2008.

President Ms. Fan Yan made an important speech in which fully affirmed achievements in the past year.

1.  Business presented a sustained and rapid growth. Annual income increased by 65.51% year-on-year, creating a historical high. Newly-signed contract value also increased by 38.1% considerably.

Xiangfeng project went smoothly, finished design, procurement and major civil construction and atarted erection.

2. There"s no serious client complaint and major quality accident happened to consultation, engineering and supervision projects in the past year.

3. CEC successfully passed Quality Management System + Environment Management System + Occupational Health & Safety Management System authentications, which further promoted our competitiveness.

4. Hunan Changshun Engineering Construction Supervising Co., Ltd., CEC"s Holding Subsidiary Company, was awarded "The Advanced Engineering Supervision Company of Hunan Province, 2006" and "The Advanced Engineering Supervision Company of 2006" by Ministry of Construction.

CEC was awarded five achievement prizes for Light Industry Excellent Engineering Consultation Projects and one Sliver Medal for National Excellent Engineering Design (120,000t/a offset printing paper project of Yueyang Paper Group).

5. CEC and its Holding Subsidiary Company - Changshun were both awarded honorary title of Honest and Credit Enterprise of year 2006 by Hunan Provincial Banking Association.

6. Integrated Informational Management System was partly established and accepted. Enginerring and Documentation departments started trial operation.

In the end, President Ms. Fan Yan thanked the whole staff for their hard work, hoping that everyone continue to contribute further strength by proposing suggestions & advice on CEC"s development and making persistent efforts on work.