Most key Genertec subsidiaries were set up in the early days of the People’s Republic of China, thus having a history of around 50 years. During this long period of time, while working assiduously for the national economic construction and foreign trade undertaking, Genertec has also trained a group of broad-minded, knowledgeable, professionally competent and successful talents. Particularly after its restructuring, Genertec has made new progress in expanding the company in such areas as trade, service, finance, medicine and manufacturing, which is a full demonstration of the quality and competence of its human resources. It is a fair conclusion that the company’s undertaking brings up its talents, which in turn contribute to the success of the undertaking, or more accurately, first-class undertaking trains first-class talents, which in turn create first-class undertaking for the company.

We know that as a modern intellegent company, knowledge, intelligence and competence are our best resources. Human resources play the most direct and pivotal role in the development of the company. It is people who are the key to make it a success or failure. We therefore attach great importance to the use and selection of talents and even greater importance to offering training and incentives to talents. While pursuing maximized corporate interests, Genertec is committed to maximizing of the value of its employees. That is to say, our unswerving pursuit is to create talents in the process of creating wealth.

The formulation and implementation of the development strategy and human resources scheme of the company have provided Genertec employees with greater vigor and vitality in their future development and offered the talents broader space to grow. We have further improved and intensified the scientific and rational mechanism to use personnel properly. A mechanism for the talents to grow has been established and perfected, which is compatible with both the external environment and the requirements of the company’s own development, providing the employees with ample opportunities and relaxed and favorable conditions to realize their individual value, and the talents with more harmonious environment to grow and a bigger stage to show their competence. Our strategic vision is to take the lead in coping with changes, integrating resources and creating value. Our central idea is to make the best efforts in pursuing perfection, precision and splendor.

At the beginning of 2002, to cope with the profound changes in the internal and external environment, realize the long-term sustainable development of the company, actively meet with opportunities and challenges brought about by economic globalization and China’s WTO membership, Genertec decided to establish the Genertec Technical Training Institute to improve the training system of the company and nurture all kinds of talents suitable for the company’s development.

The Genertec Technical Training Institute will organize all-dimensional, high-level strategic training within the Genertec system in a uniform and coordinated way. As the only agency managing and organizing the training work of the restructured company, the Training Institute will make positive contributions to the training of the company in such areas as training contents and trainees, resource sharing, research and investigation, internal resources development, expenditure control and corporate management study.

After establishment, Genertec Technical Training Institute will become an internal training institute incorporating such functions as research and investigation, domestic and foreign cooperation and communication, organization of education and training programs and other supportive functions. With fixed classrooms, training courses, independent faculty and research staff, the Institute effectively trains and attracts talents needed by the company, and thus helps to improve the image of the company in the eyes of the public.

Currently, the construction of different facilities of the Genertec Technical Training Institute is in orderly progress. It is estimated that in November 2003 the Institute will officially open covering a land area of 24000 square meters, big enough to hold 400 people for training courses or conferences at one time.