On behalf of the management team, GM Yao Dan made a speech of “2014 working report”, submitted the important matters to be deliberated by the board, which included the fulfillment of business indicators; the ideas of how shall we deal with the severe and tough market situation under this “new normal” economic environment, so as to lead the company out of difficulties; and the development strategy of the future three years

Chairman Peng firstly affirmed the achievement gained by STEC and indicated that it wasn’t easy for STEC to achieve profits under such difficult situation although there was declination in business performance. Chairman Peng highly appreciated the strong support from Mitsubishi Corporation (Hereinafter called “MC”) for resource sharing on technical and marketing, which fruitfully helped STEC expand the international market.