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The 11^th China Corporate Governance Forum jointed organized by Shanghai Stock Exchange and China's Listed Companies Association, co-sponsored by State-owned Assets Supervision and Administration Commission and Organization for Economic Co-operation and Development of the State Council was held in Shanghai on December 19, 2012. With the sound governance structure, stable cash dividend, standardized information disclosure and internal risk control and so on, Yutong stood out in nearly a thousand Shanghai-listed companies and was granted the Board of Directors Award of the Year 2012, which was the only private enterprise among the ten award-winning companies.

Trophy of Board of Directors Award of the Year

The reason given by the Corporate Governance Committee of Shanghai Stock Exchange for Yutong’s award is: Yutong has established sustained, stable and expectable cash dividends and investors return mechanisms; concerned and supported the growth of micro, small and medium enterprises in terms of capital, technology, marketing and so on for a long time; made full use of capital market to become bigger and stronger; took initiative to shoulder social responsibility and lead the development of the industry.    

The award reflects the recognition of the national securities regulatory authorities for the operation of Yutong’s corporate governance, marking the governance of the company has reached the domestically advanced level.