Dear Mancheong colleagues:

A dollar back, Vientiane update, but also to our summary of the past, planning the planning of the new year.

First of all, on behalf of Mancheong Company, I would like to express my heartfelt thanks to all employees in all posts for their hard work and the congratulation on the New Year!

In the past 2016, we have made progress as well as shortcomings. In this increasingly harsh market environment, the increasingly competitive environment in the industry, Wanchang also entered the thirtieth year.

During the year, we experienced a lot of market pressure, quality fluctuations and staff changes. In the face of difficulties and dilemmas, different people will make different choices. On the journey of struggle, some people leave and new people join us. We are all going together with colleagues in the future, a good partner to work together!

Last year, the result of our struggle was very regrettable. It did not accomplish the goal our board gave us, but maintained a breakeven. This result, I believe we are not willing to see, but this is the result of our "work together", we do not complain about the market, do not complain about customers, do not complain about other departments, other colleagues, to complain, to review The first is our own.

In the new year, we will face more difficulties and challenges. As a large-scale beer brand production supplier in our country, with the integration of the beer market, unit price of bidding by Beer Group drops, the profit margin of labels shrinks, and even Some products are negative profits. As the beer business that once gave us a booming business base, the beer market will be tougher today and will not change in the short to medium term we can predict. However, in the face of difficulties, we must also look at opportunities and challenges because not only are we facing this issue, but we face challenges throughout the industry.

Here, I share and encourage each other. In 2017, we will take two things to push forward with work: open source and cutting costs!

Let me talk about open source, we have deep plowing in the beer industry for many years, involved in non-beer label market also has some time. Compared with beer labels and other printing markets, there is still room for growth in integrated label products as well as profit margins. Opening up new integrated markets will be our future market focus. Integrated label development, but also our company from a single industry products to comprehensive, diversified products the backbone of the transformation. Of course, we do not give up, do not give up our beer trademark industry, the beer label, we focus on how to guide customers to upgrade and enhance the product's added value as the focus of work.

Comprehensive label development, we need a good learning attitude, zero mentality, scratch, special operations staff, the face of unfamiliar markets? How to start. The People's Liberation Army has a famous saying: "Learn the war in the war, grow up in the war." We have to learn to sell in the market, grow at work! This also applies to production technicians.

Followed by the throttling, said to save money is to improve efficiency in order to achieve cost advantages. Mainly in our company's internal links, including production and sales.

With the shrinking margins of the printing industry, how to enhance the market competitiveness of enterprises through internal control is crucial. If we compare with the traditional manufacturing industries such as the home appliance industry and the automobile industry, we can easily see that their lean manufacturing management has done very well and we still have much room for improvement. Although the printing industry has the characteristics of the industry, does not mean that it can not upgrade, progress, which requires us all to act together in all aspects of the supply chain, control points, based on the current situation, self-improvement, can do well a little?

As a leader in beer label production, we should dare to be pioneers, innovate actively, raise our production efficiency level, and improve our product quality, lean manufacturing, cost control and other topics will become the leading direction for our future work.

Due to the diversity and complexity of the integrated labels, we determine that our production, the technical department and the support department are equally good at learning, changing our stereotypes, changing our innate patterns and adapting to new market and product requirements by absorbing innovation.

To change our original management concept and listen to rationalization proposals of front-line staffs, for example: Recently, an old employee left his office to leave a message to the boss and put forward some suggestions. From the letter, we can see that it is from the standpoint of the company and wants to Good work, from another perspective, found that grass-roots management staff communication is not in place, there is a fault. Some of the company's processes, the implementation of the system, employees did not understand, grass-roots managers did not carefully implement and seriously read. Resulting in the staff that some systems more than one act. As a result, employees can not implement due to lack of understanding of the importance or necessity. So, daily management should be effective communication!

 Through the open market in foreign markets, the lean management of the internal savings, the future we will have more room for development and promotion opportunities.

Although, the environment described above makes everyone feel more pressure, the road traveled in 2016 is a foregone conclusion, the result can not be changed! But the future is in our hands and the outcome of the future depends on the results of our own efforts. Let us all performance units, the various sub-companies work together, work together, down-to-earth, calm response to various challenges and continue to improve the company's work, create a new situation and strive to achieve steady progress!