Rongda Technology's 2016 Year-End Work Summary Meeting was successfully held.

Walk with dreams, create without limits.

-- Rongda Technology's 2016 Year-End Work Conference Successfully Held in Kuala Lumpur

? ? ? ? From December 22nd to 25th, 2016, Rongda Technology's year-end work summary meeting was held at the Four Seasons Hotel, a four-star hotel in Kuala Lumpur, Malaysia. 38 key personnel at the supervisory level and above from Rongda's factory and Nabaichuan Trading Company attended the meeting. After a day of intensive and fruitful reports and discussions, the meeting was a complete success.

? ? ? ? At 9:00 AM on the 23rd, the year-end meeting began on time. Company President Xu Kaiming delivered the opening speech. The president stated that the company has been established and developing for seven years, and every year at the end of the year, this summary meeting is held to review how much of the year's goals have been achieved, plan for the following year's goals, and discuss the necessary strategies and tactics. Unlike other companies' annual meetings, Rongda Technology's annual meeting is more pragmatic and efficient. Every year, the meeting involves heated and "unflinching" mutual self-criticism regarding problems encountered in the work, helping each other identify and solve issues. It is precisely this meeting style of Rongda Technology that has accumulated and formed Rongda's efficient and pragmatic work culture, enabling the company to maintain rapid growth year after year. However, to adapt to this rapid growth, company employees also need to maintain a suitable fast work pace, which does bring pressure. Therefore, starting three years ago, in order to reward the core employees who have worked hard throughout the year, the company moved its year-end work summary meeting to overseas cities in Southeast Asia. From Bangkok, Thailand, to Kaohsiung, Taiwan, and this year to Kuala Lumpur, Malaysia, the company has given its employees an extra travel benefit, allowing them to go abroad more often, see different worlds, meet different people, and broaden their horizons so that they can better achieve a wonderful life.

? ? ? ? Following the president's speech, various departments of Rongda Factory and Nabaichuan Trading Company gave detailed reports on their work achievements, existing problems, and work strategies for 2017. The Rongda Factory's Product Department, R&D Center, and Production Center were the first to speak. Their reports indicated a significant increase in external market demand for product functionality development this year, leading to a substantial increase in the difficulty of product development and innovation for the Product Department and R&D Center, making staff expansion in these two departments imperative. The Sales Company also provided feedback on numerous customer-collected demand information items and set requirements for the development and mass production schedules of various products. Regarding the Production Center, the main issues were the sharp increase in management difficulties related to material supply, production line expansion, quality control, and warehousing management following the surge in orders. They faced three direct challenges: first, expanding the production line workforce, which is expected to increase from the current nearly 400 to around 800 next year; second, a significant increase in the demand for production management personnel, requiring substantial recruitment through multiple channels; and third, attempts to upgrade production lines to automation to reduce manpower requirements and improve production efficiency.

? ? ? ? Following this were reports from various business departments of Nabaichuan Sales Company. This year, the sales company maintained rapid growth throughout the year, achieving a growth rate of over 70% compared to the same period in 2015, almost creating another Rongda. The International Marketing Center received numerous positive reports on large projects, strongly driving performance growth. Customer development was also promising, with nearly 1,000 new customers added throughout the year, and overseas customers spanning over 150 countries and regions worldwide. In the domestic marketing center, the traditional product performance of the receipt business unit remained stable, and significant breakthroughs were achieved in large project orders. The label business unit and the dot matrix receipt printer business unit (referred to as the OA business unit), newly launched nationwide this year, have basically established a nationwide sales channel, with sales performance steadily increasing, becoming two new growth drivers for the company.

? ? ? ? In terms of support departments such as the Customer Service Center, Human Resources Department, Finance Department, and General Manager's Office, all work is progressing steadily with many highlights. The Customer Service Center has been upgraded from a single customer service department to a center with three subordinate departments, laying a solid foundation for further improving and building a comprehensive customer service, technical support, and after-sales maintenance system next year. In addition to completing various administrative tasks, the Human Resources Department is fully committed to building a unique corporate culture for Rongda, with its first cultural festival being a resounding success. The Finance Department's budget control needs further standardization and refinement to adapt to the needs of organizational restructuring.

? ? ? ? Following the departmental work reports, Company President Xu Kaiming chaired a discussion and exchange among the departments, providing a concise summary and analysis of the situation. He concluded that the company had largely achieved its goals for the year, particularly with rapid year-on-year growth in performance. However, he also emphasized the need for a clear understanding that various problems inevitably arise during rapid development, which is normal. He urged everyone to view these issues objectively, uphold Rongda Technology's consistent spirit of efficiency and pragmatism, and confront and resolve them bravely without shirking responsibility or avoiding problems.

? ? ? ? In response to existing problems in product development, research and development, production, sales, and after-sales service, President Xu emphasized that the following aspects should be prioritized in 2017:

? ? ? ? First, human resource planning must be forward-looking, and talent reserves must be further strengthened. In particular, an appropriate reserve of key personnel in the production line, product R&D, and sales elites should be maintained. In addition to existing regular recruitment, a campus recruitment tour should be launched to attract the best recent graduates.

? ? ? ? Second, we need to strengthen the analysis of systemic issues and re-engineer processes. To adapt to rapid development, the company's organizational structure is reformed almost annually. This year, six new departments have been added. Correspondingly, the responsibilities of each department need to be clearly defined, and all business processes need to be re-engineered, eliminating all unnecessary processes, simplifying them as much as possible, and improving efficiency. We need to focus on analyzing and resolving process obstacles in several key areas, such as product planning and R&D, R&D and mass production, production and sales, headquarters and overseas offices, and sales and after-sales service, to make the entire system smoother.

? ? ? ? Third, the company's management and control need to be further improved, becoming more standardized and refined. As the company's scale expands year by year, its business grows rapidly, and its staff continues to expand, it is necessary to improve the construction of systems, revise and update them regularly, provide comprehensive training, optimize the responsibilities and operational details of each position in a timely manner, and strengthen daily supervision and rewards and punishments for the implementation of systems, so as to make personnel management more standardized and affairs management more refined.

? ? ? ? Fourth, the employee promotion and development system must be sound and comprehensive. Rongda is an inclusive company. As long as employees identify with the corporate culture and values ??and are willing to work hard, the company will provide a good platform for development. We need to make more reasonable plans and guidance for employee development and growth, with comprehensive training, clear rewards and punishments, and justifiable promotions, so as not to bury talent or allow mediocre individuals to fill positions unqualifiedly.

? ? ? ? Fifth, the after-sales service system has been further improved, enabling rapid response to customer needs. With the addition of the new Labeling Business Unit and OA Business Unit this year, sales channels have been continuously improved and expanded, leading to a surge in customer volume. The existing customer service department needs to be upgraded to a center. Based on a well-structured internal framework, service awareness and capabilities will be enhanced, and external assistance will be provided to agents in building comprehensive repair stations, offering efficient after-sales repair and technical support services.

? ? ? ? Sixth, the sales company must focus on both business development and team building. Next year, the sales company will slow down its expansion and shift its focus to team building, improving the business capabilities of sales personnel, and cultivating existing and potential markets in various product areas. While maintaining the existing talent pool, it aims to double its sales performance.

The 2016 year-end work conference concluded successfully after the president's work plan was outlined. Looking back and forward, we confidently anticipate 2017, envisioning the successful realization of our new mission: "New Development, New Journey, New Goals, New Retail, New Boundaries." With dreams in our hearts and boundless innovation, Rongda's progress is steadfast and relentless!