2008 HMC Annual Conference was held in Beijing on January 30th and 31st, 2008. The management of HMC, headquarter department managers and mangers of invested-companies attended the conference.

Mr. Guo, General Manager, delivered HMC annual work report, summarizing the achievements and progress made by HMC in 2007, and highlighting the development focuses in 2008. According to the report, HMC Group as a whole made great progress in 2007, and a breakthrough is highly expected in 2008.

Ms Zhang, the Deputy General Manager of HMC, made the financial budget report of 2008 at the meeting, introducing the budget plans of the headquarters, and making analysis on and prediction for the businesses in 2008.

The participants discussed the plans, and exchanged their experience.