Boyuan Construction Group Convenes Board Meeting in Jiaxing
Publish Date: 12/15/2016 Hits3257 times

On December 12, 2016, Boyuan Construction Group, Inc. held the Board of Directors meeting for fiscal year 2016 at Kingford Hotel in Jiaxing, Zhejiang Province. Mr. Shou Cailiang, CEO and Chairman of the Board, and other directors attended.  CFO Paul Law and Legal Counsel Judith Wilkin were invited to attend the meeting.  The meeting was chaired by the leading director Francis Liang.

Mr. Shou presented a work report on company operations situation in 2016 and business and strategic planning in 2017, and discussed the Equity incentive system and cost control with the other directors. He pointed out that due to the influence of the world economic cycle, China's debt cycle, and the new industry incubation cycle, in 2016, China's macro economy showed signs of sluggish growth. However in the second half, the real estate market in some areas gradually improved, new projects have been greatly improved, the company strengthen cooperation with Cinda Real Estate, Jiaxing International Business District Investment Co., Ltd. and other state-owned enterprises to expand government projects. In the year of 2017, the company will seize this opportunity to continue to adhere to the strategy of Going-out and give full play to the brand value of "Quality Priority and Integrity Insistence " in accordance with the planning requirements for medium and long term strategic development. We will fully mobilize the enthusiasm of employees, comprehensively promote the project cost management and improve enterprise efficiency.

Then, CFO Mr. Paul Law presented a report on Budget for FY 2017 and key balance sheet items to the Board. Director Jack Duffy presented an Audit Committee report to the Board, and Director Mr. Francis Leong presented a Corporate Governance, Nomination and Compensation Report to the Board.


During the meeting, the directors also gave a detailed and detailed discussion on the Company's current management, operation status, development prospect and domestic and international economic situation. The Directors highly affirmed the Company's work performance in 2016 and were confident of the future development of the Company.

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