Chairman’s Statement

With over a decade of leapfrog development, Ningbo Fubang Holdings Limited*(宁波富邦控股集团有限公司) has experienced extraordinary entrepreneurial progress. Faced with a new era, our previous honors and duties have urged our Fubang members to bear greater responsibilities of historical significance. Intellectually guided by the philosophy of scientific development, our members are steered towards the right path of our innovative business strategies. By persistently upholding our human-oriented philosophy, our members will continuously perform such duties to ensure all corporate social responsibilities are fulfilled.

Nowadays, Chinese society and its economy have been experiencing profound reforms. Over the last three decades, Chinese enterprises have witnessed growth and prosperity, yet are still being challenged by various “uncertainties”. No matter how history progresses, the same unchangeable task always remains standing before each entrepreneur. That is to say, over the course of pursuing excellence and perpetual existence, enterprises will continue to grow stronger, expand further, and exist longer only if they take precautionary measures and insist on reforms and innovation.

Amid the torrents of history, entrepreneurs sometimes seem to pilot a perpetual-motion machine, running in circles through the course of their life. They shoulder all responsibilities and missions needed to satisfy society and their own employees, while stimulating their own inner momentum to pursue physical and psychological needs. Therefore, with these elements as their dual engine, such entrepreneurs restlessly seek corporate excellence as well as creating social values. As our forefathers once said, “cultivate thyself and manage thine own family well before rightly governing the State and bringing peace on earth.” Therefore, during the expedition towards a perpetual existence of a business, entrepreneurs are not merely decision makers, but also practitioners. “Integrity is our core, persistence is our root, and excellence is our soul” has always enlightened our Fubang members in maintaining human relationships, performing work, and building a business empire.

“No pain, no gain. Great virtue bears great tolerance.” Thus, we express our sincere gratitude to our friends in the social community for devoting their long-term attention, care, and support to Fubang. Looking back, we feel very fortunate to have you at our side. Looking into the future, we see a great road that lies ahead. My team and I will continue to embrace challenges vigorously and seize historical opportunities as we look forward to deepening our cooperation with you as well as generating mutual benefits. Together, we will paint a beautiful blueprint to cast our glorious future.

Song Hanping
Chairman of the Board
Ningbo Fubang Holdings Limited*