At 9:00-12:00a.m., Aug 03, 2013, Mr. Zhang Wei, Chairman of Weiye Holdings Ltd, accompanied by Chen Zhiyong, COO of Weiye Holdings Ltd, Zhang Kai, Vice President of Henan Weiye Group and Liu Weiping, Vice President, Wang Liuquan, Assistant General Manager of Project Management Center, Li Zhi, General Manager and Ren Ranran, Assistant General Manager of Henan Xingwei Property Co., Ltd, and Dong Chaoxing, General Manager of Tiandao Asset Management, appeared at the construction sites, inspected resettlement area of "Paris Impression" (Tentative name) of Henan Xingwei Property Co., Ltd and "Xiang Hu Wan" project of Tiandao Asset Management under construction, in the aspects of project quality, project progress and status of safe and civilized construction, to collect information on the performance of general contractor.

Chairman Zhang summoned on-site meeting on the construction sites of projects by Henan Xingwei Property Co., Ltd and Tiandao Asset Management under construction, heard work report by general managers of both companies, and got to know project progress, construction difficulties and necessary support. After hearing the work report of both companies, Zhang gave following instructions to them:

 1. Henan Xingwei Property Co., Ltd should make efforts to gain three No.1 (No.1 quality, No.1 progress, No.1 scale) in Yangjin Industrial Park, to ensure its leader and model roles in the region, and win honors for Weiye Holdings.

2. Construction field of Henan Xingwei Property Co., Ltd is in good condition, but it should focus more on details in the aspects of quality control and safe and civilized construction; for example, swelling formwork, voids and pits during concrete pouring, failure of timely removal of construction waste in the building, absence of safe and civilized construction banners on building body etc.

3. With respect to project image posters: individual fencing advertisement containing incorrect language and unclear advertising of theme. It should focus on the theme of "carry the dream of comfortable housing", advertisement on fencing, crossing billboard and building body, to embody Weiye Holdings' contribution and accomplishment for the good of local government and citizens in village to town merging projects, and full demonstration and improvement of Weiye Holdings' popularity and reputation from construction of resettlement houses.

4. Henan Xingwei Property Co., Ltd should regularly assess the construction contractor, encourage model workers and spur backward workers, to provide basis for Henan Weiye Group to seek long-term strategic cooperation resources.

5. Tiandao Asset Management is found to have low project progress, nonstandard construction process and many problems with general contractor, to which Henan Weiye Group and Tiandao Asset Management should attach great importance. The general contractor is asked to:

(1) Redeploy and supplement management staffs satisfying industry qualifications within stated time limit;

(2) Fully fulfill its commitments made at the time of bidding;

(3) Achieve its committed construction milestones in August.

The three requirements above must be ensured, or else the general contractor will be expelled from construction site.

6. Tiandao Asset Management should set up crossing billboard as soon as possible, to fully show the image of Weiye Holdings Ltd and the project as well.

7. Henan Xingwei Property Co., Ltd and Tiandao Asset Management must complete rectification before Aug 10.

Finally, Chairman Zhang urged all senior executives to maintain responsibility for the enterprise, work with due diligence, to ensure smooth progress of projects in Zhengzhou region, and make due contribution to leapfrog development of Henan Weiye Group.