On the morning of June 20th, Shenzhen JINGWAH Electronics Co., Ltd. held the 5th meeting of the 7th board of directors. The president Mr. Xu Guofei presided over the meeting. He and the vice president Mr. Guo Jian both had a speech. The general manager of Panda Electronics Mr. Xia Dechuan, chief accountant of Panda Electronics Mr. Shen Jianlong, the secretary of the party committee of Panda Electronics Mr. Song Yunfeng attended the meeting as directors and supervisors respectively.

In accordance with the agenda of the meeting, the board of directors deliberated on 6 matters, including the work plan for 2018 and the financial accounts for 2017. The meeting reviewed the performance of JINGWAH in 2017. The budget revenue of 2017 is 750 million yuan, while the actual revenue is 780 million yuan which is 104% of the budget. The total profit is 89.4 million yuan. The profit which should be vest in parent company is 75 million yuan, which actual is 77.1 million yuan which is 103% of the budget.

Guo Jian proposed in his speech that JINGWAH should increase its investment in industrial automation hardware. On the one hand, it can take up relative comparative advantages in Shenzhen's counterparts. On the other hand, it can also push technology and product upgrades to speed up the development and extension of JINGWAH's high-end and precision products.

Xu Guofei pointed out in his speech that as a processing enterprise, JINGWAH needs to strengthen the design ability and improve the efficiency and cost control ability in the production process. The industrial automation transformation of the company should realize the process semi-automatization to solve the problem of labor. He also advised JINGWAH to focus its automation on laptop and mobile phone production lines, while paying close attention to the risk of reducing property rents and taking measures to deal with it.

This meeting made significant adjustments to the leadership of JINGWAH, appointed Wang Guoqing as general manager of JINGWAH, Xing Yang as chief accountant and Teng Lijun as deputy general manager. After adjustment, Wang Guoqing, Lu Yiping, Luo Yunshui, Lin Xuesong, Xing Yang and Teng Lijun were composed of the new manager team of JINGWAH. Both of them and the directors unanimously endorsed the contribution of the former general manager Tian Jin and the manager's team to the development of the company, and hoped that the new leadership would inherit and carry forward the fine traditions, set new goals, clear new ideas, take new measures, and put more enthusiasm and passion into the work of the enterprises and have a good achievement.