On December 17, 2018, a meeting of new management team was held at a base of Shanghai Horizon Construction Development Co., Ltd. (the 'Horizon Construction Development') in Jinshan District after the Company was formed from the merger of Horizon Equipment & Engineering and Hongjin Equipment & Engineering. Participants in the meeting presided over by Guo Chunhao (Director, HR Department of Far East Horizon (FEH)), include Li Jiancheng (FEH Assistant President, General Manager of Construction Group and Chairman of Horizon Construction Development), He Ziming (former General Manager, Hongjin Equipment & Engineering), Dai Yong and Li Haijian (members of the management team of Construction Group), Zhang Chunyu (General Manager, Horizon Construction Development), Dong Sijun and He Qingchang (Deputy General Manager, Horizon Construction Development), other members of the Company's management team and core staff of each department.

At the first session of the meeting, Guo Chunhao (Director, HR Department of FEH) gave a presentation to backgrounds for the activity as well as strategic significance of integration of Horizon Equipment & Engineering and Hongjin Equipment & Engineering into Horizon Construction Development, and announced the resolutions to appoint a new management team of the Company on behalf of Far East Horizon.

[Join hands for Win-win Development]

Based on FEH's important deployment of the 'finance + industry' strategy, the Construction Group has successively set up two equipment operation service companies, that is, 'Horizon Equipment & Engineering and Hongjin Equipment & Engineering', and dug into industrial operations in two sectors: construction machinery & equipment and construction formwork. In order to accelerate the building of one-stop and complete set of equipment operation services and to build one of China's most influential equipment operation service providers, Shanghai Horizon Construction Development Co., Ltd. implemented strategic integration of the two companies in the light of FEH's unified deployment.

Zhang Chunyu, General Manager of Horizon Construction Development, said at the meeting: 'The strategic integration of Horizon Equipment & Engineering and Hongjin Equipment & Engineering means the birth of China's largest equipment operation service provider.' After years of efforts, the two companies have laid sound operation foundation and enabled large-scale operation management basically, in a push to become a leader in their respective fields.

By this powerful merger, Horizon Construction Development will be able to:

(i) in business, generate synergy effects and truly realize 1+1>2, provide one-stop and complete set of equipment operation services for EPC, and develop stronger customer service capabilities and industrial competitiveness;

(ii) in brand culture, inherit and develop FEH'smindset and culture of 'one system, one network, one hospital group', and create a new differentiated brand image of 'Horizon Construction Development' in the market.

General Manager Zhang also made brief deployment of follow-up work of the Company. In addition, Dong Sijun and He Qingchang as new deputy general managers delivered speeches that the management team will stay committed to promoting the strategic integration and building the Company into the most influential equipment operation service provider in China.

He Ziming, the former General Manager of Hongjin Equipment & Engineering, attended the meeting, delivered a speech and indicated that the two companies are among the top enterprises in Chinese construction industry after 7 and 5 years of development respectively and arrived at the best point of the strategic integration. With particularly great hopes for the new management team, he expects to build Horizon Construction Development into the most competitive enterprise in Chinese construction industry.

[Work Together and Look Ahead]

Li Jiancheng, Chairman of Horizon Construction Development, extended his congratulations to the new management team. He pointed out that the strategic integration of the two companies was a careful decision made by Far East Horizon on the basis of in-depth inspections and listening to the opinions of all parties. His hope is that under the guidance of FEH's mindset and culture, the management team of Horizon Construction Development can build a brand (Horizon Construction Development), a set of operation management system, and a culture (FEH Culture), bearing in mind the responsibility in the way ahead, developing the Company into a truly influential equipment operation service provider in China and a Chinese version of 'United Rentals'.

Mr. Li also gave important instructions on the follow-up work of the Company and said that FEH and Construction Group will support the future development of the Company in business, resources and management.

After the meeting, the leaders of the Construction Group and the new management team of Horizon Construction Development visited the new base in Jinshan District. The meeting released a signal that Horizon Construction Development is about to set sails. The new management team will work together with all employees to lead the Company to the next level and contribute more to FEH's 'finance + industry' strategy!

Attachments

  • Original document
  • Permalink

Disclaimer

Far East Horizon Ltd. published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 02:47:06 UTC