A supervision and research team from the State Council's Work Safety Committee visited our company to supervise and guide our safety work.

On the morning of March 8, 2012, Liu Yunchang, Inspector of the Supervision Department IV of the State Administration of Work Safety; Guan Shanyue, Deputy Director of the Supervision Department II of the State Administration of Work Safety; Sun Hongling, Deputy Director of the Accident Investigation Department of the National Coal Mine Safety Administration; and Yang Yongtai, Section Chief of the Supervision Department I of the State Administration of Work Safety, led a team from the State Council's Work Safety Committee to conduct an inspection and guidance on safety work at our company. They were accompanied by Zhuang Lide, Inspector of the Shandong Provincial Work Safety Administration; Guo Fangming, Research Fellow of the Office of the Shandong Provincial Work Safety Administration; Chen Qinyin, Director of the Office of the Shandong Provincial Coal Mine Safety Administration; and relevant leaders from Yantai and Zhaoyuan. Mr. Xu Yongxiang, Chairman and President of the company, received Director Liu and his team.

During the inspection, Director Liu and his team first listened to Mr. Xu's safety work report in the second-floor meeting room of the company's office building, and then engaged in in-depth communication and exchange with Mr. Xu. Afterwards, accompanied by Mr. Xu, they conducted an inspection and guidance at the company's production site.

Mr. Xu first extended a warm welcome to Director Liu and his team, and expressed gratitude for the team taking the time from their busy schedule to conduct the inspection and guidance. Mr. Xu then gave a safety work report themed "Consolidating the Grassroots Foundation, Strengthening Responsibility Implementation, and Building a Harmonious Guoda." Mr. Xu emphasized that in recent years, with the strong support and assistance of various superior departments, Guoda Company has always earnestly implemented the national safety policy of "Safety First, Prevention First, Comprehensive Management," and the company's safety production policy of "Forging the Soul of Safety, Refining the Gold of Safety, People-Oriented, and Building Harmony." The company has made every effort to improve its safety production work by strengthening organization and training, improving the safety network, deepening "5S" management, implementing safety activity responsibilities, strengthening hidden danger investigation and management, strengthening emergency rescue construction, and increasing investment in safety hardware facilities. In the new year, the company will continue to implement relevant national safety work policies, continue to adhere to the safety concept of "Gold has a price, but life is priceless," and comprehensively and around-the-clock focus on safety work, striving to build Guoda Company into an inherently safe enterprise.

After listening to Mr. Xu's report, Director Liu first affirmed the company's safety production work. He emphasized that the purpose of this inspection team was twofold: to supervise safety work and create a stable environment for the Two Sessions; and to investigate the implementation of the spirit of the Work Safety Committee's [2012] No. 3 document by governments and enterprises at all levels, listen to the good practices of various enterprises in safety and the problems encountered in their work, and provide suggestions for the next steps. Director Liu then engaged in in-depth communication and exchange with Mr. Xu on the company's development history, process evolution, and safety production situation, and put forward requirements for the company's future safety work, hoping that the company would strengthen the construction of a hazard investigation and management system with enterprises as the main body, further deepen the implementation of the enterprise's self-inspection, self-reporting, and self-correction system, and strive to create a new situation for enterprise safety work.