When spring is all over the earth, welcoming the 25th founding anniversary of SIH, in the middle of Mar. 2018, Mr. Yinfa Meng, President of SIH, with the management, visited the owners, that fully trusted and firmly supported SIH consistently, while reporting the performance, listening to the opinions and suggestions, expressing gratitude, discussing the strategy of development, accumulating the energy for development in future. In the spring of 2002, SIIC, SIIG, INESA and SCIP increased the investment in SIH, and created the corporate governance of a state-owned Shanghai enterprise outside China unprecedentedly. Since then, in addition to the annual investment returns, the assets of SIH have become triple as the amount of the original investment. The company sales of 2017 reached 105 billion JPY, renewing the record in history of SIH, while the total sales on platforms with internal and external linkage of 2017 reached 16 billion RMB. The quantity of goods was up to 3 million tons. In Mar. 12th, 2018, hearing the report by Mr. Meng, Mr. Ping Qiu, President of SIIG, congratulated the 25th founding anniversary of SIH, and fully affirmed the achievement of SIH in recent years, then was deeply impressed by the cultural construction based on the usual management. Mr. Qiu hoped that SIH would make efforts continuously, and shaped the corporate culture, to make more contribution to the non-governmental cultural exchange between China and Japan.

Mr. Meng and his delegation drove to visit SCIP near Hangzhou Bay in Mar. 16th, 2018, warmly welcomed by Mr. Chun Zhang, President, Mr. Yanhui Yang, Chief Accountant, Mr. Jian Zhu and Mr. Jianguo Sun Vice-Presidents. Hearing the brief report by Mr. Meng, Mr. Zhang appreciated the progress of SIH in past 25 years. Combining with the practice of SCIP, Mr. Zhang said with deep feeling, that both of us started with the tide of reform and opening up, and developed in the continuous innovation. The site of SCIP was a wasteland, and now it has become a world-renowned, domestic first-class chemical industry park, so then it is a result of constant efforts. They are fully confident of and looking forward to the future of SCIP and SIH! After meeting, accompanied by Mr. Biyuan Sun, CFO of SCIP Investment Co., SIH delegation visited the over-all conditions and development plan of the Park covering 29 sq. km.

Furthermore, SIH delegation visited INESA Group in afternoon, warmly welcomed by Mr. Qiang Wang, Chairman, Mr. Xiaoqing Cai, President, and Mr. Jiangang Yu, Vice-President of INESA. Accompanied by Mr. Zhiqiang Fan, General Manager of Comprehensive Affairs Dept. the delegation visited INESA SPACE----- Start-ups incubator, Shanghai Radio Museum and INESA Showroom, basically learnt that the Smart City development strategy of 7+1+2, and 6 Principal Experiences, which rely on some new generation information technology such as cloud computing, artificial intelligence, in the same way, depend on the commercial real estate, and non-bank financial service. Delegation deeply felt that INESA had seized the rare opportunity and made the outstanding achievement in the reform of state-owned assets and enterprises, meanwhile, learned the important experience about transformation and development of the enterprises in the competition. Mr. Wang introduced the reform and development of INESA in detail, and hoped that SIH would be the show window for the owners to expand the business in Japan, finally, explored the chances to cooperate with the owners business and made the win-win results.

During the period, Mr. Meng and his group visited Mr. Guoping Yang, Chairman of Jiaoda Onlly Co., Ltd., of which, SIH is an investor. They heard the introduction about the business operation, and discussed the strategic development. Ms. Jianying Lou attended the meeting.