2021.02.11

All members and partners of Times China,

At this very beginning of a new year, spring has returned to us. As the Year of the Rat ends just in time, the Year of the Ox reaches us in due course.

I wish everyone an auspicious Spring Festival. May you be healthy and happy, and have good luck in everything.

“A warrior dare walk on a road full of thorns.” As the year 2020 came to a close, we remembered that famous line by the poet Ovid of ancient Rome.

It was a year of ups and downs. After the Chinese government built up a lead in preventing the pandemic from spreading, China became the first of the world’s major economies to achieve positive growth. Regardless of the misfortune and setbacks, Times China persevered in its development and achieved remarkable results.

The year 2020 brought us together in our efforts to overcome hardships. The staff of Times China worked relentlessly to purchase supplies from overseas inventories and deliver them to the frontline in the fight against the pandemic. They enthusiastically volunteered to support the construction of isolation zones, and they bravely stepped forward to safeguard thousands of households in their communities. We demonstrated that we cared about each other and were willing to extend a helping hand, and in the process we embodied the power of unity. As General Secretary Xi Jinping said in the 2021 New Year address, “Greatness is forged in the ordinary. Heroes come from the people. Every person is remarkable!”

In 2020, we vigorously grew. We also had vigorous growth in 2020. Times China maintained a high growth rate and recorded sales of RMB100,381 million, representing an increase of 28.1% over the previous year. This was the first time that the sales of Times China has exceeded RMB100 billion. Times China has embarked on a brand new journey. With emphasis on in-depth development in the Guangdong-Hong Kong-Macao Greater Bay Area, we accelerated our presence in the Yangtze River Delta, the middle reaches of the Yangtze River, the Chengdu-Chongqing urban cluster and other high-growth regions. By promoting the cause of urban renewal, we accelerated the pace of project expansion and transformation. Our land reserve increased, through which we secured a foundation for continued growth. Times C-Town and Times Global Makers’ Town were established in Foshan, heralding a breakthrough in our strategy for the industry-city business.

The year 2020 was one in which Times China began to see the fruits of its “digital corporate transformation” program. After three years of constant effort, we have achieved the online interconnection of business flows, approval flows and data flows. This has facilitated automatic business circulation, machine-based business operation, smart analysis and timely decision-making. To manage the corporate transformation from a traditional, function-based organization to one that is platform-based, the organization has begun its journey toward the “Times Intelligence Complex.”

Collectively, the previous achievements serve as a prologue. The only way to continue and create glorious moments is to keep going and continue the fight.

The new year, 2021, marks the centennial of the Communist Party of China, the opening of the National 14th Five-Year Plan, and the first year to embark on a new journey toward the fulfillment of our destiny as a modern socialist country. It is our honor to play a part in such a fabulous era.

Sales of more than RMB100 billion represent a milestone in our development, but that milestone is just the starting point for the next stage of the race. The year’s theme is straightforward: “Uphold Integrity and Persistence to Fulfill a Great Ambition.” I hope every staff member at Times China will think and work for the long term, pursue excellence in development, maintain an alert, productive mindset, and forge ahead to secure stable, long-term development.

As the Lunar New Year arrives, I, on behalf of the Board of Directors and the Management of Times China, extend our sincerest gratitude and New Year greetings to staff members who worked hard and forged ahead in their respective positions throughout the previous year, to partners who supported us, and shared our development results and setbacks in the previous year, and to institutions and shareholders who firmly backed us in the capital market.

It is you that make Times China flourish and help more people live the lifestyle they are longing for.

Once more, I wish everyone Happy New Year. May you attain remarkable work achievements and enjoy wonderful family life.