On 5th December, Global New Material International's core subsidiary, Luzhai Chesir Pearlescent Mica Material Company Limited (hereinafter referred to as "Luzhai Chesir "), received a capital increase of RMB1 billion in cash from Tonglu New City Development and Investment Company Limited (hereinafter referred to as "Tonglu New City").The current round of capital increase for Luzhai Chesir was successfully completed。
Recently, the results of evaluations on 2023 "Quality Management Icon" of Guangxi industrial enterprises were announced by the Ministry of Industry and Information Technology of Guangxi Zhuang Autonomous Region. Guangxi Chesir Pearl Material Co., Ltd. was selected and won the title by virtue of its "experience in total quality management".
From 24th to 25th November, Global New Material International Asia-Pacific Region Executives' Meeting and Key Project Promotion Meeting was held in Liuzhou. Chairman of the Board of Directors of Global New Material International, Mr. Su Ertian, and the company's Asia-Pacific region executives attended this meeting. The meeting focused on the company's 2024 Asia-Pacific business objectives and strategies, business plans, and the annual promotion plans and arrangements for the Hangzhou Tonglu surface performance material project and the Chesir Phase II pearlescent material project.
Recently, the Market Supervision Administration of Guangxi Zhuang Autonomous Region announced the list which commended the "Contract-abiding and Credit-keeping" enterprises in 2022. Guangxi Chesir Pearl Material Co., LTD.successfully passed the final evaluation that belonged to the Market Supervision Administration and other government’s departments and awarded the honorary title of "Contract-abiding and Credit-keeping Enterprise" in Guangxi.
On the morning of November 16, Zhang Chunguang, member of the Party Committee and deputy president of PBC (the People's Bank of China ) Guangxi Branch, deputy director of SAFE (the State Administration of Foreign Exchange) Guangxi Branch, led a group to Global New Material International to carry out a research. The group brought the latest foreign exchange facilitation policy to the enterprise to boost their strategic access to the global market. Zhou Fangchao, executive director and vice president of Global New Material International along with other leaders warmly received the research group.
On October 18, Global New Material International held the 2023 management meeting, which was attended by senior executives from this company, CQV and Chesir. Su Ertian, chairman of the board and chief executive, made arrangements for the company's rushing plans in the fourth quarter at the meeting, requiring all business sectors to make every effort to ensure the full achievement of all business targets for the whole year.
From October 16th to 18th, the project integration team of CQV from Korea visited and exchanged ideas with CHESIR, mainly communicated with them on further integration and discussed on how to achieve the annual synergy target of the company. CHESIR held a simple but grand welcoming ceremony for the CQV team and presented them with a notebook with the message from the chairman , for the CQV team felt the enthusiasm of CHESIR’s colleagues.
In order to further accelerate the collaborative integration with the famous Korean pearlescent pigment company CQV, M&A integration project team in GLOBAL NEW MATERIAL INTERNATIONAL went to CQV for a 4-day in-depth visit under the leadership of Mr. SU Ertian (苏尔田), Chairman of the Board of Directors of our company. Deloitte Consulting participated as a consulting service organization.
On the afternoon of September 14th, Mr Wei Ken (韦肯), Secretary of the Party Committee and Director of Liuzhou Taxation Bureau, led a team to visit GLOBAL NEW MATERIAL INTERNATIONAL to carry out research work, and delivered the latest tax policies to enterprises to promote our high-quality development. Mr SU Ertian, Chairman of the Board of Directors of GLOBAL NEW MATERIAL INTERNATIONAL, warmly received him.
Recently, GLOBAL NEW MATERIAL INTERNATIONAL held a meeting for the integration project after the merger and acquisition of CQV, and hired Deloitte Consulting as a consulting service organization to accelerate the collaborative integration with CQV, a famous Korean pearlescent pigment company, and promote our internationalization process. Mr SU Ertian, our Chairman of the Board of Directors of GLOBAL NEW MATERIAL INTERNATIONAL, and all executives of the company attended the meeting.
Recently, GLOBAL NEW MATERIAL INTERNATIONAL held a grand reception for new employees in the large conference room on the seventh floor of the company. We warmly welcome college students, front-line manufacturing workers, high-end technical talent and high-level talent with rich multinational management experience to join the big family of GLOBAL NEW MATERIAL INTERNATIONAL in 2023. Mr SU Ertian, our Chairman of the Board of Directors of GLOBAL NEW MATERIAL INTERNATIONAL, and all executives of the company attended the reception.
On 23rd August, we successfully held a ceremony in Korea for the completion of our acquisition of CQV (101240.KS), an internationally well-known pearlescent pigment enterprise. Mr SU Ertian, our Chairman of the Board of Directors of Global New Material International (06616.HK), Mr. CHANG Kil Wan, the former President of CQV and Mr Lim Kwang-shui, the new President attended the ceremony and delivered speeches to witness this historic moment. After the completion of the acquisition, Global New Material International will become the largest shareholder and actual controller of CQV, and achieve financial consolidation in FY 2023.
