On the morning of Nov. 5th, board meetings of Fast Eaton (Xi’an) Drivetrain Co., Ltd. and Fast Eaton (Baoji) LD Transmission Co., Ltd. were held in succession in Xi’an. Secretary of the company Party Committe and the Board Chairman Yan Jianbo, CEO of Eaton VG Joao Faria, and company leaders Wang Shunli, Guo Jinfu, Zhou Shiyi, Mark Schneider, Zhangjie and Wang Xiuju attended the meetings.

In the meeting, Board Chairman Yan Jianbo stressed that under the joint effort of Fast and Eaton, the JVs had clear targets, developed stably, each task progressed successfully and got new breakthroughs continuously. Facing the unpredictable market in the future, the JVs should insist on the concept with product and quality as king, improve operation efficiency and quality, and strictly control five aspects in occupation of funds, personnel assignment, quality control, laws and regulations and cost control to prevent input-type risk, guarantee the JVs develop in stable and healthy way, and realize win-win cooperation.

Mr. Joao Faria thought high of the cooperative friendship between two companies, and expressed that they would further deepen the cooperative relationship, widen cooperative fields, adapt to requirement of make globalization and meet market demands.

The meetings listened and reviewed topics of JVs’ development and financial reports, analyzed and discussed the Five-Year plan and operating management of the JVs and determined time and place of next board meeting.