China XD Plastics Celebrates Official Opening of New Production Lines at its First Investor Day in Harbin
On December 3, 2010, the one year anniversary of the Company's listing on Nasdaq, China XD held its first investor day in Harbin for institutional investors and analysts. A ceremony was held in conjunction to commemorate the official opening of its newly installed production lines designated for alternative energy vehicles applications and the designation of its Macromolecule Research Institute as a Heilongjiang Enterprise Academy Member Workstation. The Academy Member Workstation is an innovation-driven platform, teaming members of the Chinese Academy of Science (CAS) and the Chinese Academy of Engineering (CAE) with local provincial research institutes and enterprises. In addition to fostering high-level cooperation for research and development purposes, this platform enables enterprises to apply for government research grants available only to companies with this certification./p>
During the ceremony, China XD's honorable guest, Harbin Mayor Guozhang Cong, pressed the initiation button for the newly installed production lines, achieving a successful first run. In addition, Mayor Cong joined Mr. Jie Han, Chairman of China XD, in the unveiling of the official plaque commemorating the Heilongjiang Enterprise Academy Member Workstation. Other attendees who were on hand to witness the celebration of these important milestones in the Company's history included financial analysts, investors, government officials at both the provincial and municipal levels, industry experts, customers representatives, automobile OEMs, and local financial institutions and media.