The Basic Framework of the Eleventh Five-Year Plan

I. Guiding Ideas
During the making and implementation of the 11th Five-Year Plan, we properly handle the relationships between speed and quality, scale and profit, management and administration, and try our best to realize the "four grasps, two insistences" that is to grasp the essence of scientific outlook on development; to grasp the economic development laws; to grasp the reform and update trend of traditional circulating industries; to grasp the innovation-the soul of a company. To insist on the combination of long-term design and short-term goal; to insist on the principle of general planning, separate implementation, priority breakthrough and comprehensive promotion.

II. General Goals
1.We will establish a leading modern circulating enterprise of cross-industry, cross-regional, cross-nation and cross-ownership with great competitiveness in the world.
2. During the period of the11th Five-Year Plan, by restructuring the organization, assets, management, human resource and administration, we will comprehensively realize the transformation of the growth pattern.
3. During the 11th Five-Year Plan, we will set up the three main supporting fields for the group, that is ,capital and assets, human resources, financial service, and enhance the enterprise's culture, management and information construction as well as stronger the trade, minerals, logistics and real estate fields. At the same time, we will establish nine business parts including metal, energy, minerals, chemical materials, automobile and electromechanical field, cotton and textiles, wood and building materials, modern logistics and real estate and optimize the goods, capital and assets management so as to develop the trade, logistics, information, investment and financial service and try our best to achieve the sales volume of RMB100 billion in 2011.