On March 16, 2018, Beijing Zhongbao Pawn Co., Ltd., a subsidiary of the Group's non-banking financial platform, held a general meeting in Beijing. Shareholders and shareholders¡¯ representatives attended the meeting.
The meeting heard about the current situation of Beijing's mortgage market; listened to the 2017 work report of Beijing Zhongbao Pawn Co., Ltd. and the work plan for 2018; confirmed the 2017 profit distribution plan; and determined the next development method.
The meeting believed that the overall situation of China's financial industry in 2017 is to strictly monitor and prevent financial risks. Beijing Zhongbao Pawn Co., Ltd. actively responded to the call of the country, adhered to the principle of observing laws and disciplines, operated with integrity, adhered to capital security as the first principle, strengthened the control over the safety of funds, and ensured that there was no problem of financial security for the whole year's business work. The company always operates on the basis of controllable risks.
The meeting emphasized that in the future, the development of the company's business must first ensure the safety of funds. On the premise of ensuring the safety of funds, it actively tracks the hot spots and new businesses emerging in the society and industries, looks for business growth points, controls cost expenditures, and continuously enhances the company's business development and profitability.