According to China Securities Regulatory Commission(CSRC)， main board listed company started the implementation of corporate internal control system. February, 9, Tongwei Co., Ltd. held training on corporate internal control system.

The directors and management attached great importance to the training. Board chairman Liu Hanyuan, president of Tongwei Co., Ltd. Yan Hu, board secretary LI Gaofei, and CFO Yuan Shihua attended the training and made important speeches.

Mr. Liu emphasized on the role of internal control system in the relationship of controllability and efficiency. It is important, he said, to prevent the predictable risks for potential lost of the company. We need to simplify the process, and retain the necessary. Meanwhile, the implementation process should take into consideration work efficiency. Do not do internal control for its own sake, but to comprehend and grasp the system with daily routine of production.

Mr. Yan made requirements to establish a risk-oriented internal control system. In addition, the authorizing process and means need to be established serving the company’s operation. Finally, we need to integrate efficiency, controllable cost, and incentive mechanism.