On January 19, 2020, the 2019 work summary and commendation meeting of Shining Star Group was held as scheduled, and Chairman Yan Yu made an important speech at the meeting.

Why Did We Transform

First of all, the chairman made a comprehensive introduction and comb on why the group should be transformed to the management and colleagues who attended the meeting. The chairman pointed out that at the 2019 annual meeting, it was also said that the group was considering transformation since in 2018, in fact in 2017 and at the 2018 annual meeting, it was also said why the transformation was needed. Now 2019 has passed, and at the 2019 annual meeting, it has also been said that the survival situation of China's private enterprises is only in terms of real estate, because the group used to be dominated by real estate. However, according to official statistics, 487 real estate companies went bankrupt or went bankrupt in 2019. In fact, this is only official statistics. There should be at least thousands of real estate companies, because there should be tens of thousands of real estate companies in China, large or small. I expressed my own view at the annual meeting last year that China's real estate has a development cycle of three to five years at most, which is why the group has to transform.

Secondly, why did we transform, where to go, the group has also gone through a lot of research and discussion. The chairman said that 2019 also said many times why the transformation, today there are many new executives, new teams, it is necessary to tell you again, in fact, the group began to think about it in 2015, formally decided to transform was in 2017, the main transformation direction is the mining industry, has repeatedly organized the management team to discuss, based on the analysis of the nature of the real estate industry, that real estate can not be become the sustainable development industry of Shining Star Group. Therefore, it has been proposed to develop artificial intelligence, medical care and health, the Internet and other industries, but from the technical, genetic and other aspects of analysis are not suitable for the development of Shining Star Group, because we do not have the congenital factors.

Therefore, Shining Star Group finally chose to transform to mining development, for four reasons. "First, combined with China's ‘Belt and Road Initiative’ initiative, the Chinese government supports Chinese enterprises to ‘go out’ to develop infrastructure and resources industry construction, and the mining industry is one of the resources. The reason why our government supports enterprises to ‘go out’ to develop resource construction is that China is a poor mineral country, 60% of China's resources are imported, China is also a big country, and resources will be one of the major factors restricting China's development. So, only with the support of the state, is it possible to develop this industry, including from financing, foreign exchange and other aspects of support. Second, the development of the mining industry cannot be replaced by any scientific and technological development or future development. But, many industries, such as lawyers and driving, may be replaced by artificial intelligence, but basic raw materials are needed in all industries of future development and with the development of economy and technology, the demand for resources will become more and more exuberant. Third, in addition, in the past, I have a certain understanding of the mining industry and some practical experience, which provides a good foundation for me to quickly familiarize myself with the industry. Fourth, the mining industry is an industry that can become stronger and bigger quickly within a certain period of time. To study many mining enterprises in China, the conditions for most mining enterprises to develop the mining industry at the beginning are not very good, but in just a few years, the company has been listed, with a market capitalization of as little as tens of billions or hundreds of billions. This is only a study of China's mining enterprises, in fact, there are many such enterprises in the world. In other words, the mining industry can achieve a market capitalization of 10 billion to hundreds of billions within 10 years, and the mining industry can become bigger and stronger within a certain period of time. " The chairman said.

Finally, the chairman pointed out that it should be noted that the mining industry we are talking about today is different from the traditional development of the mining industry at home. We mainly focus on overseas countries such as Southeast Asia, South America and Africa. We learn from mature industry companies, build an international talent team, and set a 10-year development goal, that is, to achieve a market capitalization of RMB 100 billion in 10 years. At the same time, we have formulated 3-year, 5-year, 7-year and 10-year development plans, and the new executives and teams present here are invited to join Shining Star Group that is in order to achieve this goal. Waiting for the mining industry to achieve the listing goal, and then in turn to assist the group's well-developed industries to continue to develop, such as commerce, property, hotels, hospitals and so on, it does not mean that a certain industry is not important, but that every industry is important. The most important thing is that each sector needs to continue to specialize and build an excellent team, so that the group is willing to support your development. Whether the management ability, business ability and future prospect of each industry are worthy of the development of the group as the secondary and tertiary industry, which requires the management team of each industry to continuously improve the management ability and provide decision-making for obtaining the support of the group.

What Managers We Need

The chairman said that choosing talents based on ability: let our employees display their ability fully, we use the capable ones, replace the average ones, relief the incapable ones, which is the employment principle of Shining Star Group. The staff of the group has changed greatly in the past two years, especially the changes at the management of the group are particularly prominent. Now present at the meeting, there are many new leaders have joined, and many old leaders have disappeared. Why? Because some of the management who did not sit here to attend the annual meeting because they are failed to fulfill their annual work goals and responsibilities, and their work plans have not been completed. Since the goal responsibility letter was signed in 2019, I have communicated with problematic managers many times and said that work goal achievement is one of the important indicators to assess senior executives. Goal realization shows that you have management ability and leadership ability. The goal is not achieved, the plan is not completed, the budget is not completed, that shows that you do not have the ability to be a leader. Therefore, for some of those who continue to be appointed today, we should not rest easy, because part of your task has not been completed and the group is still under assessment period. Similarly, every executive who signs a letter of responsibility for goals today needs to understand that achieving responsibility for goals is the only basic condition that can continue to stay here, because if an enterprise is to develop and survive, we must achieve our goals.       

The chairman pointed out that in the past, many senior executives often liked to make excuses and completely deviated from the corporate style of "resolutely obeying and not making excuses" in the group's corporate culture. Some executives lack their own ability, find excuses inside and outside of the job, or even find excuses from their own team, or even fail to build their own team when they get to the job. So an important indicator to examine senior executives is whether you have the ability to build a professional team to achieve your work goals. Instead of complaining about no staff at work, this is a typical excuse. There are also some executives who often find excuses to say that the staff in their team are not good, and will not find problems from themselves. In fact, if the team is not good, you are not good, so can you cultivate a high-quality team? Whether or not you have the ability to lead the team to achieve work goals is also one of the criteria for assessing whether senior executives are qualified leaders.

The chairman said that we must adhere to the enterprise style of firm obedience and no excuses. The task in 2020 will be even more arduous, and accomplishing the target task is the only condition under which we can continue to fight side by side. Both department heads and company executives here need to have a high degree of awareness and bear the responsibility instead of making excuses.

What Are The Key Works In 2020

The chairman stressed that although the group's current transformation is based on mining development, it does not mean that other industries are not important, but balanced development. In 2020, we should first focus on the newly opened, imminent opening and construction projects. The group's Strategic Enterprise Management Center must ensure that the newly opened Kunming Inkyness Hospital, the Yangon Kantharyar Centre in Myanmar and the Dara Sakor Happy Home Master Resort in Cambodia complete the annual work plan and budget. The second is ensure the Shining Star Hotel Apartment the completion of the plan and budget after opened. In addition, the completion of the construction of the New Asian Athletics Park culture and brigade complex and the investment promotion work before the opening cannot be delayed. Because the work plan of each link is not realized, it will affect the overall development of the group.

The chairman said that the second priority work in 2020 is the target goal of the mining industry, which is very clear, that is, the Bolivian project will start production of the first smelter in May of this year to achieve revenue. This goal must be achieved without doubt by the relevant team. After is to achieve the set target to expand production by October next year, and on the basis of determinable safety, we can move forward boldly and increase production, so as to lay a solid foundation for the group's mining sector to achieve the goal of listing.

Finally, the chairman said that every link is crucial for the financial management center of the group to provide financial guarantee for the development of the group, only when every link is done well, we will have the confidence and ability to achieve the first three-year development goal of the transformation of the group. Only by achieving the success of the initial transformation of the company, will it be possible to realize the company's development plan for the next five, seven, and 10 years. It is also possible to provide protection for the well-developed industries of the group and ensure that the well-developed industries continue to develop.

Therefore, we should strengthen our confidence in 2020. As long as we have confidence, the 10-year development goal of Shining Star Group will certainly be achieved. Let us work together in 2020 to create a bright future for Shining Star Group.

On January 19, Shining Star Group solemnly held its 2019 annual work summary and commendation meeting, which was attended by Chairman Yan Yu, Vice Chairman Yan Yong, Executive Vice President Wang Hailong, Vice President Li Cheng, Chief Financial Officer Cui Yawen, and more than 280 senior management and employee representatives from all centers of the Group and subsidiary companies at home and abroad.

At 15:00 in the afternoon, the meeting kicked off in a festive and peaceful atmosphere. The meeting was presided over by Liu Jianwen, general manager of the group HR & Administration Center, and was divided into four agendas in an orderly manner. The first step is the appointment ceremony, Liu Jianwen, read out the decision on the appointment of senior executives of the group's centers and subsidiary companies in 2020. Chairman Yan Yu, Executive Vice President Wang Hai Long and Vice President Li Cheng respectively issued letters of appointment to the senior executives who was by appointed.

The second agenda of the meeting, was recognition of outstanding employees of the year. Liu Jianwen, read out the award decision for outstanding employees in 2019, with a total of 9 relevant individual and team awards, including outstanding party members, outstanding employees, outstanding leadership stars, loyal and dedicated employees, Shining Star special contribution award, best management team, best overseas project and best pioneer, etc., a total of 42 nominated. Then the leaders of the rostrum presented trophies, certificates and bonuses to the award-winning individuals and teams, and took a group photo as a souvenir.

Then the meeting was entered the third agenda to sign the 2020 goal responsibility letter. First, the relevant responsible persons of each center of the group signed the target responsibility letter with the chairman Yan Yu, followed by the target responsibility letter signed by the person in charge of the joint venture company of the group with the executive vice president Wang Hailong. Finally, the relevant responsible persons of the group's wholly-owned subsidiary companies signed the target responsibility letter with the vice president Li Cheng. 

At the end of the meeting, Yan Yu, chairman of the group, made an important speech. First of all, he expressed his affirmation and gratitude to all the staff for their work for the past year. In the speech, Chairman Yan Yu made an in-depth exposition on the reasons why Shining Star Group transformation, enterprise person-employing view and the key work in 2020, and also put forward new work requirements. He called on all staffs to continue to maintain a good state of mind and exuberant enthusiasm for work, strengthen the sense of responsibility, seize the opportunities for the transformation and development of the group, with rock-solid confidence, perseverance, uphold the enterprise style of rapid implementation, simple and efficient, resolute obedience and no excuses. To promote the development of the group and strive for innovation and resplendence.

COVID-19 epidemic spreading around the world currently and the local anti-epidemic situation in Uganda is becoming increasingly serious. In order to help Uganda fight the epidemic, Uganda Rwenzori Shining Star a subsidiary of Shining Star Group, donated masks, protective clothing, goggles, temperature guns and other epidemic prevention materials to the Ugandan government.

On the afternoon of May 28, Uganda Rwenzori Shining Star donated anti-epidemic materials to the Ugandan government, and the handover ceremony was held in the Ugandan Ministry of Health. Liu Jin, deputy general manager and Yang Cheng, manager of the comprehensive department of Uganda Rwenzori Shining Star, Dr. Dianna Atwine, permanent secretary of the Ministry of Health of Uganda, and Harry Geoffrey of Uganda's COVID-19  epidemic prevention team, attended the donation ceremony to witness the handover of anti-epidemic materials.

Liu Jin, executive deputy general manager, said at the donation ceremony that Uganda is a warm and friendly country, and the Ugandan government and people have provided great support for the promotion of the salt mining project.

The COVID-19 epidemic is a common challenge faced by the Chinese and Uganda. since the outbreak of the epidemic in Uganda, Shining Star Group has actively responded by organizing the procurement of relevant epidemic prevention materials, fighting the epidemic together with the Uganda government and people, and making its due contribution to the cooperation between China and Uganda.

Dr. Dianna Atwine, permanent Secretary of the Ministry of Health of Uganda, expressed heartfelt thanks for the material donation from Uganda Rwenzori Shining Star, and called on people from all walks of life in Uganda to fight the epidemic with one heart and one mind to overcome the difficulties.  

She said that the people of China and Uganda are good friends and partners. Now the COVID-19 epidemic in Uganda is becoming more and more serious, Chinese enterprises in Uganda have donated generously to help the Uganda government and people fight the epidemic together, demonstrating the close friendship and brotherhood between the two countries.

She expressed admiration for China's achievements in fighting the epidemic, and said that the Uganda government is confident of controlling the spread of the epidemic in the shortest possible time and minimizing the impact of the epidemic on the health, economic and social development and livelihood of the Ugandan people.

Liu Jin, deputy general manager of Uganda Rwenzori Shining Star (Left)

Dr. Dianna Atwine, permanent secretary of the Ministry of Health of Uganda (middle)