dzug held the 10th session of 15th conference for the board of directors and 14th conference for the board of supervisors
shanghai dazhong public utilities (group) co.,ltd held the 15th meeting of the board of directors at assembly room 910 of the company on the morning of march 3, 2019, with 11 present directors among 13 directors supposed to come. all the supervisors and senior executives attended the meeting.
the meeting was chaired by yang guoping, chairman of the board, in compliance with relevant provisions of the company law and the articles of association of the company,so it was deemed legal and effective. after careful consideration, the directors of the meeting passed the following proposals: 2018 annual work report of the board of directors, 2018 annual work report of the general managers, 2018 annual work report of the independent directors, 2018 final financial account and 2019 annual financial budget report, 2018 annual profit distribution plan of the company, 2018 annual report and abstract of the company, 2018 annual appraisal of internal control of the company, 2018 annual social responsibility report of the company, 2018 annual report of duty execution of the audit committee of the board of directors, 2019 proposal about the annual daily related transaction condition of the company, proposals about company application general credit limit and providing security to the holding subsidiary for external financing, proposals on contract renewal with accounting firm, 2019 proposals on engaging internal control audit institution, proposals on independent directors adjustment proposals on changing members of the audit committee of the board of directors, proposals on members of the board of directors and the remuneration and appraisal committee, proposals on changing the members of nominating committee of the board, proposals on authorizing management team to participate in financial market operation, proposal on convening annual shareholders meeting, proposals on writing off other accounts receivable. in addition, the board of directors also confirmed the resolution of the tenth session of the seventh meeting of the audit committee of the board of directors, and the resolutions of tenth session of the second meeting of the remuneration and appraisal committee of the board of directors.
2018 was the first year for implementing the spirit of the 19th cpc national congress of the chinese communist party, the 40th anniversary of the reform and opening up and also a critical year for dazhong public utilities entering a new stage as a steadily growing a h listed company. the company upheld the development strategy of “simultaneous development of public utility and financial investment”. during the year, under the leadership of the board and with the concerted efforts of our staff, the company pushed forward its major activities by continuously reinforcing its primary public utility business and deploying quality projects for promoting high quality development. the company achieved satisfactory operating results in various sectors such as urban gas supply, urban transportation, wastewater treatment and financial investment, and recorded a total revenue of rmb5.067 billion and net profit of rmb0.478 billion.
prior to the board of directors, the 10th session of the 14th meeting of the board of supervisors was convened in room 903 of the company. all the supervisors attended the meeting and considered and approved 13 proposals.
