On the afternoon of April 12, Rifa Precision Machinery & Shanghai Rifa Economic Operation Analysis Conference for the First Quarter of 2008 was held on the second floor of Rifa Hotel. The meeting first listened to the financial budgets and implementation of the two companies in the first quarter, sales, production, product development and economic operation, and then made plans and arrangements for the work of the next quarter. Finally, President Wang Benshan made a summary. Mr. Wang first notified Rifa Precision Machinery's listing status. The company submitted the listing application documents to the China Securities Regulatory Commission on March 27, and received the acceptance notice from the China Securities Regulatory Commission on April 3. -The conclusion will be given in 5 months, and the company is expected to successfully go public before the opening of the Olympic Games. Then Mr. Wang evaluated the completion of the company’s important indicators in the first quarter of 2008, and pointed out that in the first quarter of this year, the indicators of Rifa Precision Machinery have been greatly improved compared with the same period of the previous year, and the completion is relatively good, especially in sales. Withdrawal and profit, the two indicators increased by 33.11% and 36.34% respectively over the same period last year.

    Finally, Mr. Wang also analyzed the company's existing problems and gave guidance on the key directions that need to be worked hard in the next quarter, placing hope on everyone and striving to achieve greater glories.