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2023 Work Summary Meeting of Lygend Resources Held

发布日期:2024年 01月 10日 访问次数:3794次

On January 10-11, 2024, Lygend Resources held the 2023 work summary meeting. Chairman Cai Jianyong, President Jiang Xinfang, our company's senior management members and middle-level officers, as well as key leaders of all domestic and overseas business units and subsidiaries attended the meeting either in person or by video. The meeting summarized our company's work performance in the past year comprehensively, analyzed the challenges and pain points in the current stage of business development deeply, and made business arrangements for 2024 systematically.

At the meeting, President Jiang Xinfang delivered our company's annual work report, in which he summarized the priorities in 2023, reviewed the achievements of all business units, and recognized the highlights. In 2023, HPL continued to maintain stable production beyond the target, HJF was put into full operation, the risk control system improved gradually, steady progress was made in information-based management, and initial success was achieved in talent echelon building. In addition, we should also pay attention to the current difficulties and problems, improve internal management, and take multiple measures simultaneously to ensure steady development.

President Jiang proposed the overall corporate plan for 2024: completing major projects and reaching design capacity, putting new projects and foreign cooperation into practice, promoting the M&A and development of resources, improving the corporate management system, and building an efficient team of officers and employees.

President Jiang made clear the business objectives of all business units and the key tasks of the supporting functional departments comprehensively, and also described our company's future development vision. He stated, as we look back at the past journey at the 15th anniversary, we have remained highly resilient, forged ahead resolutely, reflected high-quality development in every project, and stood out proudly as a backbone Chinese enterprise in face of the increasingly turbulent business environment, the pandemic of the century, and imminent changes in the pattern of the resource industry.2024 will be the starting year of a historic new journey after the first 15 years; we will build a new prospect of win-win cooperation among upstream and downstream players in the industry chain, promote green, low-carbon and energy-saving development, and improve efficiency based on digital intelligence with focus on our overall strategic layout.

Subsequently, the key leaders of all business units, subsidiaries and headquarters functional departments conducted a thorough review of the performance of all key tasks in 2023 around our company's strategic objectives, analyzed the deficiencies in operation management comprehensively, and made plans and arrangements for the work objectives in the new year.

At the meeting, Chairman Cai Jianyong commented on the work of all business units and supporting functional departments, and stated that the heads of all business units and departments of our company truly assumed primary responsibilities for business management, conducted careful review, made careful and scientific planning, and fulfilled their duties as owners.

 

Chairman Cai delivered a summary speech on the meeting:


1. He reviewed the development history of Lygend resources. In January 2009, we started our journey of exploration into the nickel industry beginning with nickel ore trade. In 2017, we shifted from trade to nickel product manufacturing, and acquired Jiangsu Huiran Industry Co., Ltd., a ferronickel production base. In 2018, we invested in and constructed the OBI project in Indonesia together with our Indonesian partner, embarking on a new journey of building nickel product manufacturing capacity globally. Since 2021, our overseas bases have been put into operation and reached design production capacity gradually, and we have won market and industry recognition through practical actions. In 2022, we were officially listed on the main board of the Hong Kong Stock Exchange, taking our first step in connecting with the capital market.

2. He reaffirmed the corporate culture of the Lygend team. In the past 15 years, we established the development philosophy of "pursuing excellence and working diligently". It is with this team spirit that we are able to take brave and decisive moves in face of difficult development choices. Our team has created a corporate culture of "openness, sharing, responsibility and innovation" through continual adaptation. We provide employees with sufficient opportunities of career development, and also advocate employees to follow our company's steps closely and take part in our company's development with a strong sense of ownership.

3. Continual startup and innovation is our destiny. After the first 15 years of development, we need to rethink. Is it time for us to simply wait for success? Where can we make further breakthroughs? What else can we do in the future? The answer is that we will never be successful enough, and continual startup and innovation is our destiny. We should analyze our corporate governance system calmly, address potential systemic risks, be more practical and deep-going in our business operations, and keep improving quality. The corporate management should open up their minds, and our employees should contribute actively to our development with their wisdom. We should provide market services and maintain relationships properly during times of market downturn to increase our market share and enhance our market influence; to address the short splints of our management system, we should reorganize our management system systematically again through informationization and routinization; to meet the urgent needs for internal talent reserve and echelon building, we should endeavor to build a more specialized, loyal and ambitious talent team unique to Lygend.

4. Several requirements for realizing sustainable startup and innovation. First, we should reach a consensus across our company via our corporate culture, and all employees should identify with and take pride in our company to realize bottom-up synergies. Second, we advocate "openness, sharing, responsibility and innovation", and hope to share development outcomes with all employees by building a corporate platform. Finally, our development necessitates the close cooperation between the business frontend and the functional backend. By eliminating potential human barriers and bad practices, we aim to make capable and responsible persons stand out, and give play to those who are bold in exploration and innovation.

 

Long as the journey is, we will reach our destination if we stay the course; difficult as the task is, we will get it done if we keep working. At the end of the meeting, Chairman Cai emphasized that the Lygend management should adhere to their original aspirations, and avoid complacency and impetuosity, that all employees should keep learning, share the corporate values and develop a sense of ownership, and that everyone should work together to show our distinctive character and fulfill all business objectives in 2024 successfully.

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