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Company News
2011 Annual General Meeting of Shareholders Held

   WIETC held its 2011 annual general meeting (AGM) of shareholders on January 17, 2012 with 47 shareholders and official representative from Weihai SASAC (State-owned Assets Supervision and Administration Commission) attended the meeting.


     Mr. Zhang Qiyun, Chairman of the Board of Directors of WIETC, made the 2011 Annual Reports of the Board of Directors and he mentioned in the report that The past year was extremely difficult with respect to the complicated international economic situation. Despite this, we made great achievements in all aspects of our business through effective teamwork, marketing, internal restructure which help to win widespread recognition for WIETC across the industry. 2011 Annual Report on the work of the Board of Supervisors made by Mr.WuDedang, on behalf of the board of supervisors was presented in the meeting. Mr. Wu Zhinan made the Report on 2011 Budget Performance and Budget Plan for 2012 on behalf of Board of Directors while Mr. Zhang Shicheng, vice-president of WIETC, made the report on Share Transfer Bill on Luyuan Mining Co, Ltd.Annual General Meeting of Shareholders has set the direction for WIETC’s development in 2012.

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