OREANDA-NEWS. May 06, 2014. The fifth conference of Sixth Board of Directors of Shanxi Taigang Stainless Steel Co. Ltd. (hereinafter referred to as STSS) was convened in Taiyuan. All the directors of the board attended the conference. The supervisors of Supervisory Board and the Senior Executives of STSS also attended the conference.
 
The conference was chaired by Li Xiaobo, Chairman of the Board of Directors.
 
The conference deliberated and adopted: the 2013 Work Report of Board of Directors; the 2013 Work Report of the President of STSS; the Proposal for the 2013 STSS Annual Report and its Abstract; the Proposal for the Preparation of Withdrawing and Writing off the Property Depreciation for 2013; the Proposal for STSS Profit Distribution for 2013; the Proposal for the Financial Business Risk Assessment Report about the Associated Deposits and Loans between STSS and TISCO’s Finance Company Limited; the Proposal for 2013 STSS Report about Internal Control and Self-assessment; the Proposal for 2013 CSR Report of STSS; the Proposal for 2013 STSS Financial Statement; the Proposal for 2014 STSS Comprehensive Budget; the Proposal for 2014 STSS Fixed Assets Investment Budget; the Proposal for Employing the Audit Institution for 2014 STSS Financial Report; the Proposal for Employing the Audit Institution for 2014 STSS Internal Control; the Proposal for the 2014 Performance and Compensation of STSS President; the Proposal for the 2014 STSS Connected Transactions Related with Daily Operations; the Proposal for the Agreement on the Supply of Main Raw Materials Signed between Taiyuan Iron and Steel (Group) Co. Ltd (hereinafter referred to as TISCO) and STSS; the Proposal for the Agreement on the Comprehensive Service Signed between TISCO and STSS; the Proposal for the Contract of Land Use Right Signed between TISCO and STSS; the Proposal for the Entrustment Agreement on Import Agency Signed Between STSS and Taigang Group International Trade Co., Ltd.; the Proposal for 2014 Associated Service Agreement Signed between STSS subsidiary Shanxi New Lifeng Iron and Steel Co. Ltd. and TISCO Lifeng Iron and Steel Co. Ltd.; the Proposal for 2014 First-quarter STSS Report; the Proposal for Recommendation of Director candidates of the Subsidiaries; the Proposal for Convening the STSS 2013 General Meeting of Shareholders. Among them, some of the proposals will be submitted to the STSS 2013 Shareholders' Meeting for approval.