Chinese Leaders Visit Yangzijiang Shipyard

Yangzijiang Shipbuilding Holdings Limited announced that yesterday was a “momentous” for the group, as senior Chinese officials paid visit to Yangzijiang’s shipyard and the group’s chairman received the Outstanding Entrepreneur Award by the Chinese Enterprises Association.

On the morning of June 18, Vice-premier of China’s state council, Ma Kai, and Minister of Industry and Information Technology Miao Wei visited the Group’s Jiangsu New Yangzi yard together with national departments, provincial and municipal leaders. Yangzijiang’s Chairman, Ren Yuanlin, personally took Vice-premier Ma Kai on a tour of the yard where Chairman Ren provided an enterprise development report.

Vice-premier Ma fully acknowledged the excellent operating results and prospects of Yangzijiang, and particularly commended Chairman Ren as he elaborated the Group’s top three tasks on hand, namely (i) to further accelerate the pace of transformation and upgrading of products to meet the demands of the international ship market, (ii) to comprehensively promote fine management projects to further improve enterprise efficiency and (iii) to be actively involved in shipbuilding industrial consolidation and focus on our core shipbuilding business; and Vice-premier Ma also encouraged Yangzijiang to progress further, and strive to be one of the world's finest shipyards.

On the same day, during the 2014 National Entrepreneurs' Day cum Chinese Entrepreneurs Annual Meeting held in Fujian, China, Chairman Ren was awarded the honor of the 2013-2014 Outstanding Entrepreneur Award by the Chinese Enterprises Association, China Entrepreneurs Association and China Enterprise Management Science Foundation. The award was given to Chairman Ren in recognition of his outstanding contributions to the enterprises and the undertakings made in social and economic development, and there was only 125 such awards given out nationwide.

Commenting on the occasion, Ren Yuanlin, Executive Chairman of Yangzijiang, said, “Yangzijiang is truly honored to have Vice-premier Ma Kai and Minister Miao Wei taking time off their busy schedules to visit our yard together with the various national departments, provincial and municipal leaders. It speaks volumes of Yangzijiang’s capability as a group to have caught the attention of China’s senior leaders and we will continue to work diligently to achieve more.”

Yuanlin continued, “I am also personally humbled by the Outstanding Entrepreneur Award presented to me. I am very fortunate to be ably assisted by everyone at Yangzijiang and without their support; my vision for the group would not have been fulfilled.”

He added, “This award is strong affirmation that the group is moving in the right direction and I, along with everyone involved with the group will use this award as added motivation to ensure that the progression is maintained.”