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Li Hongfeng Conducts Research Visit to Guohai Offshore Engineering

2023/08/31

On December 19, Li Hongfeng, President of the Group and Deputy Secretary of the Party Committee, conducted a research visit to Guohai Company.

At the meeting, Deng Mingchuan, General Manager of Guohai Offshore Engineering, outlined the company’s founding background and provided a detailed briefing on the current progress of business operations, the implementation of Party-building work, and the plan for next steps.

Li Hongfeng fully commended the achievements made by Guohai Offshore Engineering in the year since its establishment. He pointed out that the disposal of offshore engineering equipment assets by central state-owned enterprises is of great significance, characterized by high professionalism, substantial asset value, and complex technical standards, making it both challenging and highly exploratory. Guohai Company should proactively coordinate with all shareholder entities, leverage their respective strengths to create synergies, and effectively implement the SASAC’s Three-Year Action Plan for the Disposal of Offshore Engineering Equipment Assets of Central SOEs, thereby jointly helping offshore engineering equipment manufacturers reduce inventory and safeguard the value of their assets. At the same time, the company must further enhance its cohesion, build agglomeration advantages, and establish its own unique value proposition.

Regarding Guohai Company’s next steps, Li Hongfeng emphasized the following: First, we must uphold and strengthen the Party’s overall leadership. Particularly at this stage, when the company’s operational mechanisms are relatively unique, it is essential to leverage the branch party committee’s leadership role, its function as a stronghold for combat, and the exemplary and leading role of Party members, focusing on the central tasks and serving the broader interests to unite hearts and pool strengths. Second, we must enhance team management, conduct scientific research into performance-management mechanisms, implement appropriate incentive measures, and ensure employees’ career development and competitive compensation and benefits. Third, the Group will fully capitalize on its advantages in capital operations to support Guohai Company’s capital needs.

Heads of the Group’s Human Resources Department, Finance Management Department, General Administration Department, and Capital Operations Department attended the research visit, while the leadership team of Guohai Company and heads of its various functional departments participated in the meeting.

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