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

Mr. Guo, the 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 development 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 and prediction for the businesses in 2008.

The participants have discussed the plans, and exchanged their experience.