On January 15, Glory Harvest Group held the 2011 Year-End Summary & 2012 Work Plan Meeting at the Group's headquarters Diwang Building. Chairman Li Weibo, President Zhu Weili and persons in charge of each department and subsidiary attended the meeting. 

During the meeting, the responsible persons reported the 2011 year-end summaries and the 2012 work plans of their respective subsidiaries and departments. President Zhu Weili made a summary of the Group's work in 2011 and listed the progress of the Group due to Chairman Li's leadership and the colleagues' hard work: first, strategic management was fully started; second, brand construction was satisfactorily completed; third, mining business was greatly developed; and fourth, the old town reconstruction projects in Zhubian and Meilin were started. President Zhu emphasized that the Group would focus on the following aspects in 2012: first, completing the strategic management project; second, improve the performance evaluation & salary and welfare system; third, steadily develop the four core business sectors under the development strategies of the Group: promote the pre-startup work of the Dataigou iron ore project, complete the declaration plan of the old town reconstruction projects, and promote the business growth of the hotels and speed up the development of hotel chain; fourth, attract more top talents to the Group's talent pool; fifth, officially start the initial public offering (IPO) of the hotels; and sixth, continue to build corporate culture. Chairman Li gave comments on the reports of the responsible persons of each department and subsidiary. He said that 2012 would be the year of reform for Glory Harvest Group. According to Chairman Li, the Group would continue to improve the management system since the strategic management project was already finished. Besides, the Group would speed up the listing of its subordinate strategic sectors and leverage the international capital platform to promote the development of the mining, real estate and hospitality business sectors.