Board of Directors and the management of the Company are committed to maintaining open and transparent communications with the shareholders and with the market.
Board of directors
     The board is the executive authority of the Company. It is responsible to the shareholders' general meeting and exercises the following powers: to be responsible for the convening of the shareholders' general meeting and to report on its work to the shareholders' general meeting; to implement the resolutions of the shareholders' general meetings; to decide on the Company's business plans and investment plans; to formulate the Company's proposed annual preliminary and final budget; to formulate the Company's profit distribution plan and plan for recovery of losses; to formulate proposals for increases or reductions of the Company's registered share capital and the issue of the corporate debentures; to draw up plans for the merger, division or dissolution of the Company; to decide on the establishment of the Company's internal management structure; to appoint or dismiss the Company's manager, and pursuant to the manager's nominations to appoint or dismiss on their remuneration; to formulate the Company's basic management system; to formulate proposals for any amendments if the Articles of Association; other material business and administrative matters not required to be decided by shareholders under the laws, regulations or Articles of Association; to decide on the establishment of specific committees and the appointment and removal of the persons in charge thereof; to formulate proposals for substantial acquisition or disposal; and to exercise any other powers designated by the shareholders in general meeting or conferred by the Articles of Association.
The members of the Board of Directors:
Supervisory Committee
     The Supervisory Committee is responsible for monitoring the financial matters and overseeing the performance of the Board of Directors and management. The Supervisory Committee consists of 3 Supervisors, 2 of whom represent the shareholders and are elected and may be removed by the shareholders during the general meeting, and 1 represents the staff and is elected and may be removed by the staff. The term of service of Supervisors is three years, renewable upon re-election. 
     A Supervisor cannot concurrently hold the position of a director, a manager or a financial supervisor. The Supervisory Committee's primary duties include attending board meeting, examining the Company's financial situation, verifying financial reports, business reports, profit distribution proposals and other financial information proposed at general meetings by directors from time to time, and monitoring the performance of directors and other senior management in carrying out their duties.
Proactive Corporate Communications
     The Company always emphasizes on close communications with shareholders and investors. Therefore, the Company appointed Christensen as the PR consultant of the Company and established a website: www.wqfz.com.cn. It was launched in September 2003 to provide the latest information and activities of Weiqiao Textile. Contents of the website include company profile, product information and latest news. The Company will update the information on the website on a regular basis.