In January 21, 2017, Inner Mongolia Wuhu Pump Co., Ltd. held a 2017 annual meeting of shareholders and staff members in the company conference room. The meeting was chaired by Chairman Wang Yongjin. There were 14 shareholders or representatives, 24 staff representatives and 5 delegates attended the meeting. The main contents of the meeting are as follows. All departments and workshops are invited to recognize the meeting. We will truly implement the spirit of the conference and do a solid job in all aspects of the work in 2017.

1. General Manager Jia Zhanjun's work summary report for 2016 and business objectives report for 2017.

2. Chief Accountant Wang Changshun makes the financial final accounts and profit distribution plan for 2016, the financial budget report for 2017, and the receptions and usage report for 2016.

3. deputy general manager He Yinlu made a report on the completion of the follow-up project of the upgrading and upgrading project of the Wuhu pump industry and the research and development of the product, and the report on the establishment of the motion of the Tianjin trade department and the assembly workshop.

4. Vice General Manager He Leicheng introduces the sales meeting in 2016 and reports on the sales work plan in 2017.

5. Deputy General Manager Peng Zhanyun reports on the 2017 draft wage growth reform.

6. The chairman of the trade union, Zhang Xiaoyun, made a report on the proposed amendments to the Collective Contract.

7. on the plan to increase the registered capital of the company.

The shareholders and staff representatives put forward the relevant suggestions:

(1) The content of individual clauses in the product consignment agreement should be improved.

(2) suggestions on selling products on the Internet.

(3) Establish the supply price of distribution cabinets, cables and welded pipes according to the sales organization.

(4) The problem of delay in delivery of spare parts in the production process.

(5) Suggestions on reimbursement of telephone charges for sales clerks.

(6) Business invoices of various departments need to be received by the dealer and then go to finance for follow-up matters.

(7) equipped with cotton safety cap for after-sales service personnel.

(8) adding smoke and dust absorbers in the stamping shop.

After listening to the above report, the representatives were divided into two groups to discuss and deliberate on the contents and issues of the report. The board of directors, through a summary discussion of the proposals and opinions made in the deliberations, made further amendments and improvements to the related reports, and the meeting was voted on by the Conference:

1. Adopted the general manager Jia Zhanjun's work summary report for 2016 and the business objectives report for 2017.

2. through the chief accountant Wang Changshun for the 2016 financial accounts and the profit distribution scheme and the 2017 financial budget report, the 2016 business hospitality extraction and the use report.

3. through the deputy general manager He Yinlu, the report on the completion of the follow-up project of the upgrading and upgrading of the Wuhu pump manufacturing equipment and the research and development of the product, on the establishment of the motion of the Tianjin trade department and the assembly workshop motion.

4. Adopted the report of Vice General Manager He Leicheng's sales meeting in 2016 and sales work plan in 2017.

5. Peng Zhanyun, Vice-General Manager, passed a report on the reform plan of salary growth in 2017.

6. Adopted the report made by Zhang Xiaoyun, chairman of the trade union, on the amendment proposal of the Collective Contract.

7. Adopted a plan to increase the company's registered capital.

Summary of the speech by Wang Yongjin, chairman of the board of directors during and after the meeting:

At this meeting, the delegates participated actively in the deliberations and discussions of the reports submitted and revised and perfected the relevant reports. The conference gave an objective and good evaluation of the work of the company in 2016, planned the work of the company in 2017, and voted through all the reports and documents submitted by the general assembly. On behalf of the board of directors and the party, the political and industrial organizations, I would like to express my sincere thanks to the delegates for their serious and responsible participation in the meeting and the rationalization proposals made to the work of the company.

In 2016, the state supply side reform and the new normal situation of economic development, as well as the three reduction and subsidy policy adjustment, made many industrial and mining enterprises stop production or semi shutdown, and also caused many difficulties in our production and management. All our staff carry forward the enterprise spirit of "the same spirit and the same spirit, self esteem and self love", adhere to the business philosophy of "sincere work, diligent and enterprising", innovate and forge ahead, realize the main economic indicators, such as industrial output value, sales income, profit and tax and so on, and achieve the expected goal. In particular, there are 58 technical innovations and technological improvements in the enterprise. Many of the employees in the post have participated in the innovation and improvement in person, and made a positive contribution to the progress of the production equipment and processing technology of the enterprises. It shows that our staff are practicing Li Keqiang's call for "public entrepreneurship and innovation" in general. . The staff's intelligence and intelligence will be a strong guarantee for our production and task objectives. The enterprises will vigorously promote and reward them, and hope that all the employees will actively participate in the innovation and improvement in the future work and make due contributions to the healthy development of the enterprises.

The operational objectives of 2017 have been determined. This year, the macro-economic environment will be better. In 2017, the "nineteen major" of the Communist Party of China will be held. The "nineteen major" will certainly create good conditions for the future economic development. We must seize the opportunity, all staff should consciously establish a sense of overall situation, cooperation consciousness, rule consciousness, contract consciousness, unite and cooperate to expand the sales market, and work together to do a good job of sales service. We will seriously investigate and punish the use of our posts to engage in acts of eating out of the box and harming the public, fattening and selfish interests. Management cadres at all levels should use their minds on their work, lead the staff to attack hard and difficult, adhere to the principle of "saving, increasing efficiency and innovation", doing all the work conscientiously, and completing the task with the quality and quantity.

"Walk alone, go fast; walk together, go far." No matter how the macro-environment changes and how the national policy adjusts, our employees must survive and our enterprises must survive. We all staff must work sincerely, diligently and enterprising, unite and cooperate, work together, "roll up the sleeves to dry up", strive to achieve the management goals determined by the shareholders and the staff and the staff congress.

Inner Mongolia Wuhu Pump Industry Co., Ltd.

January 23, 2017