Yip Tsz Hin, the President of Yip's Chemical of Hong Kong, Leading a Group to Visit Wanhua Chemical for Exchange

On the morning of May 5, Mr. Yip Tsz Hin, president of Yip's Chemical of Hong Kong, led a group of 14 people, including Feng Bingguang, director of the Human Resource Department, and managers of various departments and branches of the Group, visited Wanhua Chemical for exchange. They received warm reception from Liao Zengtai, president of the Company, and Yang Yong, deputy general manager of the Domestic Business Department, with related staff of the New Product Division of the Domestic Business Department, the Human Resource Department and the President Office. Both parties carried out in-depth exchange and discussion on corporate culture, human resource management and related business cooperation.

At the beginning of the meeting, President Liao expressed his warm welcome for the visiting guests and made a detailed introduction to concept and practice in technological innovation and customer-orientation of Wanhua Chemical and a brief introduction on the future development planning of Wanhua Chemical. He said that, as a responsible supplier in the industry, Wanhua implemented the development strategy of internationalization, related diversification (market, technology and industry chain), refinement and low cost in the high-tech and high value-added new chemical material field by always adhering to customer-oriented values and focusing on the main business so as to develop Wanhua to be a first-class new chemical material company of global operations. Then, Yan Lianxue, the manager of the Domestic Business Department, Jiang Wenhua, the manager of the Human Resource Department, and Huang Liping, the staff of the President Office made a detailed introduction on related businesses, human resource management and corporate culture construction to the guests respectively.

After listening to everyone's introduction, President Ye was deeply impressed and temporarily suggested to introduce Yip's Chemical and related businesses. Yip's Chemical, focusing on the production and sale of chemicals, including three categories of solvent, coatings and lubricants, is among the Top 500 in the chemical industry in China as well as the largest producer of acetic acid ester solvent in the world. President Liao had deep feelings after learning about relevant situation of Yip's Chemical and said that the corporate orientation of "focusing on chemicals, caring staff, contributing to the community" of Yip's Chemical was the good description of the mission and responsibility of the development of the chemical industry of China. Wanhua Chemical could also learn from Yip's Chemical on its excellent performance and other good practices on responsible care of Yip's Chemical. In future, Wanhua Chemical would continue doing business bigger and stronger by adhering to technical innovation, enhancing the quality of human resource management, maintaining a sense of crisis, continuing to introspect, overcoming complacency, upholding the hard working and dedication spirit of the old generation of Wanhua staff, and improving the competitive advantage of products of the Company. Finally, President Ye sent a crystal craft engraved with "Industry Leader" to Wanhua as a gift for expressing the admiration for the good reputation and public praise of Wanhua in the industry.

In recent years, Yip's Chemical annually purchased raw materials of 40,000 tons of acrylic acid and more than 100,000 tons of butanol, and was a potential key customer of Wanhua. There were also some opportunities for cooperation for both parties in the field of coatings. Before the visit, business staff of both parties had already communicated and exchanged, and the first high-level meeting of both parties would lay a good foundation for their future cooperation in the industry.

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