Union Petrochemical's October Monthly News Summary.

Union Petrochemical Monthly News

I. Highlights of the Previous Month

1. Visits by Leaders and VIPs

In October, the company hosted over thirty visits from provincial, municipal, and county-level government leaders, partners, and renowned enterprise leaders. Many leaders and entrepreneur friends highly praised the company's strategic layout, corporate culture, management model, R&D innovation, and product advantages, further enhancing the company's influence.

2. Launch of New Research and Development Products

The company's research institute independently developed a new product—coated glass water, which was launched in October. This product forms a protective layer on the glass surface, allowing rainwater to slide off quickly, maintaining cleanliness and transparency for clear driving visibility. Union Petrochemical Technology: Quality Changes Life. The company is committed to benefiting the people and giving back to society with relentless efforts and more high-tech products.

3. Relocation and Commissioning of Production Equipment

In response to the government's call to contribute to the local economic construction and in line with the company's group operation strategy, the company plans to relocate production equipment from Qingdao and Tianjin back to Zhengzhou within two years. The first phase of the relocated equipment includes two high-end fully automated lubricant production lines and one special lubricating grease production line, which began production on October 28. Services such as OEM customization, joint development, and product substitution scheme design are available. The first batch of products has been successfully launched into the market, receiving high praise from customers for product quality.

4. Continuous Expansion of the Team and Steady Improvement of Professional Competence

The company actively integrates various social resources, hiring seven expert advisors, and conducted training on lubrication knowledge and sales techniques for the advisory team on October 12. The development of clients from six large group companies is progressing steadily. Experts from Zhengkai Consulting Company have provided professional training for management cadres and key employees to improve their ideological understanding and professional competence.

5. Deepening of Government-Enterprise Integration

In October, the company was invited to participate in more than ten training sessions and meetings, including the Zhengzhou Leading Entrepreneurs Training at Guangxi University, the launch ceremony of the Zhongmu County talent promotion video and talent activity month, the special session on digital transformation for the "Ten Thousand Hands to Help Ten Thousand Enterprises" program, the work promotion meeting for the establishment of a modern enterprise system in private enterprises, the Zhengzhou Entrepreneurs' Seaborne Trade Thematic Exchange Conference, and the training on corporate strategy and innovation in the new era, achieving true government-enterprise unity in times of difficulty.

6. Establishment and Improvement of Enterprise Systems

The company has successfully joined the Zhengzhou Private Enterprises Modern Enterprise System Cultivation Library and been selected as a benchmark cultivation layer. The company's industrial structure, governance effectiveness, and management system have been further optimized and enhanced.

7. Honors Received and Deepening of Cooperation

On October 16, the company attended the Tianjin Sunstone 2024 Distributor Conference, regaining the Excellent Distributor award after 12 years and reaching a deep strategic cooperation intention with Tianjin Sunstone. This recognition is both an acknowledgment of past efforts and an incentive for future endeavors.

II. Major Arrangements for This Month

1. Continuation of Outstanding Talent Recruitment

The company aims to add 12 outstanding talents this month: 2 Assistant General Managers, at least 3 Sales Engineers, 1 Human Resources Department Director, 1 Research Institute R&D Engineer, 1 Financial Accountant, 1 Sales Director, 1 Deputy General Manager, and 2 International Business Division Managers. We welcome like-minded outstanding talents to join us.

2. Strict Execution of Production Process

With some production equipment relocated to the Zhengzhou headquarters, the company strictly controls the production process, adhering to the production management system and procedures, prioritizing safety. While ensuring safe production, the company enhances efficiency and quality control, completing operational production tasks with quality and quantity assured. The Research Institute will conduct strict testing and inspection of all products, and no products that do not meet the standards will be canned or stored.

3. Intensification of Sales PK Activities

The company continues to carry out major sales PK activities with unprecedented rewards, setting new highs. This greatly motivates the sales and customer service staff, with an increasing number of employees participating in the PK activities, continuously developing their potential, challenging themselves, and creating excellent performance.

4. Upcoming Participation in Overseas Exhibition

The company will attend a professional exhibition in Vietnam on the 18th of this month, with an independent booth. Four key employees will hold a "China Creates, Union Petrochemical Miracle" overseas deployment flag ceremony on that day, aiming to develop at least 10 overseas clients during the exhibition period. The company will increase its investment in overseas market development, providing one-stop services to solve professional and difficult issues for overseas clients, laying a solid foundation for the realization of the overseas strategy.

5. Upcoming 2025 Company Strategic Planning and Annual Goal Communication Meeting

The 2025 annual strategic planning and goal-setting communication meeting will be planned and held in the near future to point the way for the company's development. It will clarify the responsibilities, rights, and interests of each department and position, ensure uniform thinking throughout the company, concentrate efforts, and go all out to achieve the goals, operate according to regulations, and implement quantitative assessments.

6. Continuous Advancement of Standardized Management Strategy

The company will continue to adhere to a management model of institutionalization, processization, professionalization, digitalization, and youthfulness. It will unwaveringly advance the strategy of introducing high-end talent and optimizing the team, enhance professional capabilities and execution, and build a professional team that is daring, capable, and skilled in combat.