To further avoid the risks and unfavorable influence from global financial crisis and enhance risk prevention, the Company held the 2009 Legal Risks Management Meeting on March 16. The meeting was presided by the president of the Company Han Guangde, vice president Chen Ji, chief accountant Zeng Xiangxin and principals of relevant departments and subsidiaries attended the meeting.

Firstly, the Risk Management Department summarized the main work of legal risk management of 2008, including risk analysis on non-ship contracts and contracts of subsidiaries. In order to learn more from past expeirence, the analysis on the＂Windmill Tower Project＂was specially presented. Marketing and Business Department analyzed and summarized the risk prevention in shipbuilding contracts with citing several cases. The departments and subsidiaries put forward several legal risk questions about employment, engineering contracts, material purchasing and quality management, and expressed the hope that the Company could pay more effort on legal risk prevention.

The assistant to president and general counsel Wang Jun said, the legal risk prevention was becaming more important under the situation of financial crisis, and the parent corparation CSSC also paid great attention to it. Meanwhile, he introduced the key works on present legal risk prevention of CSSC as well as those needed the assitance of the Company.

Finally, President Han indicated that, we should further strengthen the awareness of risk prevention of all emploees. He also emphasized that we should do our best and learn from others to improve the risks prevention work of 2009, which was not only the job of the Risk Management Department, but also need the joint efforts of all staff.