On the morning of July 25, the company held the first half of 2010 management meeting at Nanyuan Hotel. Mr. Jin Bo, the chairman and general manager of the company, pointed out that the company will strengthen the upstream and downstream supply chain, improve the control of resources and the value-added service capability of the industry, promote the institutionalization of internal and reserve talents, and enhance the core competitiveness of the company. The renaming of GRG is a strategic adjustment. The company will continue to expand its scale and region and aim to turn Zhejiang Grand Imp. & Exp. Co., Ltd. into an international group with industry leading position.