On January 20th, 2015, MCC held the first extraordinary general meeting of shareholders for the year of 2015 in Beijing. The meeting was presided over by Mr. Zhang Zhaoxiang, President of MCC. Shareholders of the Company, Directors, Supervisors and management of MCC, together with analysts and institutional investors of CICC, China Merchants Securities, and Huarong (HK) International Holdings etc., attended the meeting. The "Proposal of Applying for Registration of Perpetual Medium-term Notes of RMB10 Billion" was reviewed and approved on the meeting. Through the issuance of relevant bills, the Company will further lower the debt-to-asset ratio and overall financing costs, and optimize the Company’s overall financial structure.
At the meeting, President Zhang Zhaoxiang expressed sincere gratitude to shareholders as well as institutional investors and analysts for their long-term support. Afterwards President Zhang Zhaoxiang and other relevant leaders conducted detailed communication and in-depth discussion with the shareholders about issues including the overall operating conditions for the year of 2014, the status of overseas resource development, and state-owned enterprises reform; and in addition, put forward to construct “Four Sectors and Eight Types of Business”: to re-summarize, re-categorize and re-position the four major business sectors (the “Four Sectors”), namely engineering contracting, real estate development, equipment manufacturing and resource development, and to focus on market expansion of the eight sectors (the “Eight Types”), namely metallurgical engineering, high-end housing construction, mine construction and development, mid- and high-end real estate, municipal traffic infrastructure, core technology equipment and MCC's structural steel, environmental engineering & new energy, and special subject projects. At conclusion, President Zhang Zhaoxiang pointed out that, the Company will continue striving to “focus on MCC’s main business and build a wonderful MCC”, to make progress within one year and achieve leapfrog development within three years, to firmly grasp opportunities from “One Belt, One Road” under the new normal of China’s economy and collaborative development for Beijing－Tianjin－Hebei region, and to transit and upgrade, so as to build MCC into the best metallurgical construction and operation service provider in the world.
