Lubao Group increases investment by 30 million yuan to raise employees’ salaries!

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On the morning of January 31, 2021, in the conference hall of *Museum, Lubao Group held a meeting to review its work for 2020 and plan its activities for 2021; managers at or above the middle level of the group attended the meeting. Han Chang’an, the chairman of the group’s board of directors, delivered an important speech titled \"Striving Forward on a New Journey, Realizing the LuBao Vision – Working Towards Building a Strong Enterprise Worth Hundreds of Billions.\" A special capital injection of 30 million yuan was allocated to improve employees’ salaries and benefits, aiming to inspire all those at LuBao to keep moving forward without pause, to strengthen the enterprise, and to achieve the ambitious goal of reaching a value of over hundreds of billions within the framework of the 14th Five-Year Plan. Han Chang’an, Chairman of the Group’s Board of Directors, delivered an important speech; the meeting was presided over by Yang Xiuyuan, Secretary of the Party Committee ； President Qin Peng delivered a summary report on the work accomplished in 2020 ； Jiang Guocheng, Vice President of the Group, read out the results of the assessment regarding the goals and responsibilities set for 2020, as well as the notice on improving the overall quality of employees and strengthening business skills training ； Han Zhihui, Vice President of the Group, announced the model units and outstanding individuals for 2020 ； Han Changming, Executive Vice President of the Group, read out the decisions regarding personnel appointments and dismissals for 2021 ； The Chairman of the Group’s Board of Directors signed the \"2021 Annual Target Responsibility Letter\" with the President, the President with the Executive Vice President, and the vice presidents and managers in charge of coking and chemical operations respectively ； Qin Peng, President of the Group, read out the \"Lubao Group’s 2021 Salary Adjustment Decision.\" At the meeting, Han Chang’an pointed out that 2020 was an extraordinary year; LuBao Group, like other industries, was severely affected by the pandemic. Yet the people at LuBao overcame these difficulties and invested nearly 5 billion yuan to complete six major projects: super-large green and intelligent coke ovens were built and brought online successfully ； Successful trial production of high-end specialty active pharmaceutical ingredients ； Successful acquisition of a listed company ； Successful acquisition of Lüliang Coking and Coal Washing Company ； Successfully brought in a large state-owned enterprise from Shanghai to collaborate on the development of the hydrogen energy industry ； In particular, it boldly took on the implementation of the province’s “Project No. 1”. This year is a crucial year for achieving the grand goal of “creating a new Lubao in three years”. The people of Lubao must seize the excellent opportunities in the coking market to generate better results. They must also diligently implement the overall work guideline of “three focuses and one initiative”—namely, strictly improving management, reducing costs, curbing expenses, plugging leaks, and enhancing efficiency ； Strict focus on safety and environmental protection; rigorous assessment of goals and responsibilities on an annual basis ； Focus on technological innovation: Year of implementing high-end transformation projects ； Build a strong enterprise featuring integrated development in steel, coking, and chemicals on a scale of 100 billion. First priority: Strengthen management to improve efficiency, reduce costs, control expenses, and boost productivity. First, it is necessary to continue to implement effectively the \"30 Measures for Strict Management\" and the \"30 Measures for Energy Conservation and Consumption Reduction\", ensuring that each measure is put into practice in order to truly improve the level of enterprise management. Secondly, everyone should find ways to focus on energy conservation, cost reduction, expense control, and addressing loopholes in order to improve efficiency ； By setting benchmarks against leading companies in the same industry, Lu Bao will be turned into the best and most outstanding enterprise, so that other companies can take Lu Bao as a model to learn from. Thirdly, responsibilities must be assigned to specific individuals. Starting with the procurement of bulk materials such as coal, spare parts, and chemical additives, it is necessary to compare prices and quality in order to control costs. Additionally, efforts should be made to manage even the smallest expenses, such as those related to one unit of electricity, one sheet of paper, one drop of water, or one grain of coke powder, in order to truly achieve the goals of reducing costs and controlling expenses. Second priority: Place strong emphasis on safety and environmental protection, with strict assessment of goals and responsibilities on an annual basis. First and foremost, it is essential to keep in mind that \"safety is the cornerstone of LuBao’s operations, while environmental protection is its lifeline.\" We must pay close attention to safety and environmental protection efforts, and truly learn and implement every one of the \"30 guidelines for safety and environmental protection.\" Implement a one-vote veto system for safety and environmental protection, and enforce safety and environmental protection responsibilities strictly and rigorously. Secondly, it is necessary to continue implementing the system of large-scale contracting for workshops and branch factories; everyone has specific targets to meet and is responsible for fulfilling them. By competing with one another to improve production, we can successfully achieve this year’s goals. We need to make those in charge take ownership, and also enable employees to take ownership, so that responsibilities, rights, and interests are truly aligned, thereby greatly enhancing everyone’s initiative and execution ability. Third, it is necessary to strengthen assessments without any conditions or compromises. Assessments are conducted quarterly, with strict implementation every six months. Punish those who fail to implement tasks and hold them accountable. This will truly inspire everyone to work hard and exceed their targets. Those who successfully complete their tasks should be generously rewarded, while those who fail to do so should be severely penalized. Fourth, it is necessary to continue to focus on pairing employees together, listen to their thoughts and opinions, and truly boost their enthusiasm. Help employees truly feel that \"I am proud to be part of Lubao; Lubao becomes even better because of me,\" and truly understand that \"Lubao thrives thanks to me, and I rely on Lubao to make a living.\" Fifth, we must continue to work hard to promote the universal adoption of pension insurance for all employees. Sixth, it is necessary to properly commend and reward model workers and dedicated employees who have made contributions to their respective units and departments. Seventh, we must do a good job in institutional building, enhance implementation capabilities, ensure that institutions are put into practice, and let institutions govern the enterprise. Third focus: Vigorously promote technological innovation; this is the year for implementing high-end transformation projects. First, we must promote the intelligentization and informatization of enterprises, so that informatization and intelligence can truly enhance enterprise management. This will elevate the level of management to the point where it achieves a “staffed but unmanned operation” state, thereby generating greater benefits. Second, it is necessary to promote the development of the entire hydrogen energy industry chain, aiming to create a first-class high-end hydrogen energy industry chain nationwide. Third, it is necessary to do a good job in the province’s “No. 1 Project”. Help Luba make a significant leap forward in the field of high technology, and become a globally renowned and nationally leading enterprise. Fourth, it is necessary to continue to focus on the training and deployment of young officials, attract more high-level technical and managerial talent, and strengthen team building in order to keep the enterprise vibrant and full of energy. 1. Development: Build a strong enterprise featuring integrated development in steel, coking, and chemicals on a scale of 100 billion yuan. First, it is necessary to effectively implement the integrated development strategy for steel, coke, and chemicals, optimize the industrial chain, increase corporate profits, and enhance the sustainability of enterprise development, thereby laying a solid foundation for building a century-old LuBao. Introduce the most renowned high-quality special steel technologies from across the country, focus on the development of specialty steel grades, and at the same time work on establishing green coking enterprises. Secondly, priority should be given to the construction of seven major projects at the provincial level, including the \"Project No. 1\", the 6.78-meter large-scale ramming coke ovens, Lüliang’s Second Industrial Park, the hydrogen energy industry chain, the archives, the tea culture museum, and the red-themed memorial halls. Third, it is necessary to do a good job in rehiring some retired employees, to continue upholding the spirit of dedication characterized by putting the greater good first and ultimately serving **, so that together they can contribute their remaining skills to building Lu Bao into a company worth hundreds of millions. He pointed out that the people of Lubao must carry forward the spirit of daring to undertake great tasks and achieve remarkable accomplishments, and inherit the feat of turning the myth of \"drawing silk from charcoal\" into reality in Lubao. They should be brave enough to take paths that others dare not take and to do things that others dare not do, so as to truly make the world aware of Lubao and help it reach the global stage. He hopes that all employees will continue to uphold the work ethic of treating each day as if it were three days, and considering eight hours as one day, working together in unity and making strenuous efforts to achieve the annual goals, thus laying a solid foundation for the early realization of the goal of building a strong enterprise worth hundreds of millions