Briefing on the 2024 Mid-Year Financial Managers Qingdao Special Meeting

From July 27 to 28, 2024 , the special meeting of SITC International's financial managers was successfully held on the 21st floor of Qingdao Hisense International Center. The financial managers of the headquarters of the financial center and each company, and the financial personnel assigned overseas to be responsible for the main accounting of independent operating companies attended the meeting. SITC International Chairman Yang Xianxiang, CEO Xue Mingyuan, general managers of various centers of the group headquarters, and presidents of various business groups attended the meeting to speak.

The meeting summarized the financial work of the past year, and explained the system, arranged work, and discussed issues around accounting, fund management, SAP system upgrades, business and financial process sorting, accounts receivable management and control. The focus and goals of the next financial work were further clarified. Some newly rotated financial managers made job analysis summaries. Colleagues from the Operation Management Center came to explain the financial issues found in the audit, ESG requirements, related transactions, etc. The meeting also arranged special training on the new company law and the global minimum tax rate (Pillar 2).

CEO Xue requires that the finance department should strictly implement rules and regulations, and that the basis for accounting should be sufficient; that they should be innovative and pay attention to finding loopholes and problems in their work; and that job responsibilities should be clear.

Chairman Yang used a football team as an analogy, positioning finance as the defender and goalkeeper, which is responsible for delivering ammunition and providing good services to other players, while also keeping a close watch and guarding the gate. He required the finance center headquarters to establish good systems, sort out processes, and provide good training, and that the person in charge of finance should be proactive and act in accordance with rules and regulations. In terms of process management, the external system interface should be well-made, the internal process should be clear, and errors should be avoided.