The 61st Board Meeting of DFCITY GROUP BHD Listed Company
On August 22, 2022, 10:30a.m., Dato’ Dr. Li Wei, Chairman of DongFangCity, was invited to attend the 61st board meeting of DFCITY GROUP BHD. Members of the Group’s Board of Directors -- His Royal Highness Tengku Sulaiman Shah, Chairman of the Board of Directors, Director Datuk Low Kim Hock, Director Jason (CHONG PENG KHANG), members of the leadership team, and heads of relevant functional departments attended the meeting. The meeting deliberated and passed seven proposals such as “Company’s Second Quarter 2022 Financial Report”, “Appointment of the Company’s Remuneration Committee”, “Appointment of Nomination Committee”, “Appointment of the Company Audit Committee” etc.
Dato’ Dr. Li Wei, Chairman of DongFangCity, commented and guided the work of various sections and departments, and put forward higher requirements in terms of corporate sales, market expansion, and management optimization. He hopes that all management strengthen their confidence in winning, keep in mind their mission, and with a high sense of responsibility and mission, closely focus on the company’s management goals, fulfill their due diligence, explore and innovate, and work hard to promote the healthy and sustainable development of the company, create greater value for shareholders, and make unremitting efforts to create a better life for employees!
Dato’ Dr. Li Wei, Chairman of DongFangCity, also pointed out that DFCITY GROUP BHD has great potential for development and has natural mines that are worth more than USD 33 Billion. According to the situation of international stone trade in recent years, the global stone consumer market has seen a continuous growing trend. DFCITY GROUP BHD has an annual recoverable capacity of more than 2,000,000m3, and each m3 can be made into 35 square meters of exquisite granite. The total recoverable value of DFCITY GROUP BHD will exceed $4,000,000,000. Some experts predict that the natural mines owned by DFCITY GROUP BHD will only be mined within 50m of the horizon within a hundred years, while the actual mine's recoverable resources are estimated by experts to be within 200m of sea level, which can be described as rich in mineral resources and inexhaustible. It can be seen that DFCITY GROUP BHD was born with a “golden spoon”, and DFCITY GROUP BHD, as the only stone material listed company in Malaysia, generally has a rapid development trend. In the future, if there is no stone, many infrastructure projects will be in a state of “ups and downs”. Stone will definitely be used to build airports, railway stations, bridges, streets, and even every house we build. The stone industry is a just-needed product for infrastructure projects, a sunrise industry, and an indispensable part of the national economy. Since DFCITY GROUP BHD has the huge advantage of developing the stone industry, it should maximize the stone industry.
His Royal Highness Tengku Sulaiman Shah, Chairman of the Board of Directors of DFCITY GROUP BHD, called on all DFCITY GROUP BHD people to unite more closely at a new starting point for development, to further boost their spirit and motivation, and to devote themselves to various tasks with a more positive attitude, higher fighting spirit and more enthusiasm to ensure that the goals and tasks throughout the year are completed in the post-pandemic era, as well as work together to promote a new round of great development and great leap forward for DFCITY GROUP BHD.
Mr. Li Lixin, Marketing Director of DongFangCity, Wu Yuming, Dean of DongFangCity Business School, Jeffery, Director of DFCITY PKNS SDN BHD Joint Venture, Honorary Directors of DongFangCity, Zhang Ming and Li Qiumei, accompanied the board meeting.