On the afternoon of June 10, Grand Resources Group's 2011 Annual Shareholders' Meeting was successfully held at Ningbo Nanyuan Hotel. The meeting reviewed and approved the 2011 Annual Report of the Board of Directors, the 2011 Work Report of the Board of Supervisors, the 2011 Financial Statements and the 2012 Financial Budget Report, and the Proposal on 2011 Annual Profit Distribution and Net Assets Transfer to Capital. Five proposals including the “Proposal on Amending the Articles of Association”. Mr. Jin Bo, the chairman of the board of directors, said that the board of directors will implement the “five-oriented” strategy of trade serviceization, business globalization, channel electronicization, variety diversification and management informationization in accordance with the overall requirements of the company's transformation and upgrading, and further improve the group management and control system and improve The management level and stable profitability are steadily moving forward on the road of “building an international enterprise group with industry leading position”.