The meeting was held by the chairman of the board, Mr. Xi Wang. At the meeting, the general manager, Mr. Feng Zhang gave a report about the summary of the operation of the first half of 2011 and the forecast fo the second half. He inquired detailed market situation with the presented directors about the problem including present status of the market, the current capacity utilization, the market expected recovery time and other issues. The Board asked the management team to pay special attention to the safe of funds suspended the investment of fixed asset and smooth out the current market volatility time while the sale outlook is still unclear. At the same time, The Board put forward a requirement to concentrate on SOI business and to raise the quality of our EPI product to meeting the requirement of our clients, which will not only contribute to the goal of 02 specific mission, but also form a new bright spot during the listing process. According the present status of the market, the Board adjusted the annual business objectives and overall credit line. In addition, the Board also reviewed the establishment of audit office, trade confirmation and other related matters, and then formed related decisions.