The meeting listened to the annual work report made by Wu Jie, Chairman of the Group, Zheng Hejun, Chairman of Textile Machinery, Yu Shaohuai, Chairman of the Group Supervisor, and Zhao Yeping, Chairman of Textile Machinery. Looking back on the past, in 2007, with the support of shareholders and the efforts of the management, the board of directors and the board of supervisors have performed well the various responsibilities entrusted by the "Company Law" and the company's "Articles of Association". Steady and sustainable development. The two major industries have successfully achieved optimization and integration: the air-jet loom project was successfully moved to Liaocheng, Shandong, and the textile machinery industry formed a strategic layout of "spinning in the south and weaving in the north"; Shanghai Rifa was successfully acquired and integrated by Rifa Digital, the market was further expanded, and orders were received. Increase, and performance has been greatly improved. Rifa Digital's listing work has overcome various difficulties and made substantial progress. The internal work has been completed and submitted to the China Securities Regulatory Commission. Technological progress and fruitful results: the new product RFCS510 compact spinning machine, seamless underwear knitting machine, and fully automatic rotor spinning machine passed the inspection and acceptance; the national support plan for seamless underwear knitting machine was successfully declared; the air-jet loom was included in the national torch The planned projects...A gratifying achievement affirmed the sweat and hard work of the past year. Not only did they gain achievements, but also gained confidence and experience, which inspires the company's employees to work hard, be aggressive, and create a better tomorrow for Rifa Make greater contributions.

    Finally, the meeting also listened to, reviewed and unanimously approved the annual profit distribution plan submitted by the two companies' boards of directors, and distributed dividends on the spot.