NFA Group held an internal meeting with participation of its senior officers at FAIRMONT Yangcheng Lake hotel for the purpose of effectively spreading the culture of “Specialization &Coordination” within the group.

Mr.Zhang Jianxing, CEO of NFA Group, clarified the role of the Group’s headquarter in his opening speech, confirming that the headquarter will provide support and coordination services to all of its subsidiaries, organize and promote the establishment of rules and systems of the group and create value through fundraising activities at the group’s level.

Mr.Lin Lei, an independent non-executive director of the group and Chairman of Sinotrust discussed with participants about the development trend of the auto aftermarket in China. According to the research report of Sinotrust, the scale of auto aftermarket in China is relatively small compared to those of developed countries. With the rapid growth of vehicle ownership quantity, the auto aftermarket in China will flourish. Each business model will compete and grow based on their respective specific advantages, bringing diversity to the market. The overall growing macro environment provides our group with a good opportunity for its further growth.

Senior officers reported the 2013 performance,business strategy and plan of relevant subsidiaries of the group for the future. Afterward, participants were divided into two groups to discuss the current situation and development trend of the group’s service business (including B2B and B2C). Finally, a brainstorming session has been carried out to come up with plans and solutions for those problems and challenges the group encountered.

After this meeting, some key strategies for the group’s development and the position of the group’s headquarter have been clarified. NFA Group will continue to specialize in the auto aftermarket service business and increase its market ratio by opening new stores in key cities. The group’s headquarter will perform the function of coordination,promote the integration of resources, fully create synergies through cooperation among subsidiaries to enhance the group’s business performance.