New Year's Speech of President of Feiyue Group: Qiu Jibao: 2008 New Year bell will soon ring. On the occasion of the coming of New Year, I would like to extend my New Year's greetings to all our global dealers, coordinative enterprises and customers, and our great gratitude to leaders at all levels and sectors of society who concern and support Feiyue in long term.

　　Joy accompanies sweat; success comes from hard work. 2007 is an important year for Feiyue to deeply carry out the concept of "Scientific Development", steadily put forward the 11th "Five-Year" plan.

　　Our company from top to down actively resolved a series of unfavorable factors, seized opportunities, based on the industry of sewing machinery, persisted in innovation with market demand as our orientation, fully implemented the strategy of independent innovation, upgraded productive structure, further consolidated global market system, steadily boost management promotion with "Excellence Performance" System as core content, completely promoted reputation of our brands, successfully accomplished all economic index.

　　In addition, Feiyue R&D center has been titled the name of "National R&D Center", our company won the special prizes of the "Excellence Performance" of the State Light Industry and the national model enterprise of harmonious enterprises, we also have been listed into the top 50 Global Competitive Chinese enterprises.

　　All these achievements have laid solid foundation for Feiyue to be the world class and the most excellent supplier of whole set sewing machinery.
 
　　At present, the sewing machinery industry of China is undergoing the crucial period of restructuring, industrial upgrading and market ruling. As a part of the industry, Feiyue must keep pace with the times.

　　"Superior win and the inferior wash out, survival of the fittest", that is the only rule in the market. Only with changes, can it win the market. Here the "Change" means innovation.

　　No one can easily win among tough competition, except those who can catch up with the times and maintain the leading egde. The key is to keep stronger innovative ability.

　　We can say, nowadays innovation is a common theme of the world, also the eternal theme of this era. In the past year, we were encouraged and inspired by the 17th CPC congress which pointed out the right direction for scientific development, innovative development and harmonious development.

　　2008 is a crucial year for Feiyue to carry out the 11th Five-Year Plan. It can be said, there will be both unprecedented opportunities and unprecedented challenges, but the opportunities outweigh the challenges.

　　Feiyue will earnestly study and implement the spirit of 17th CPC congress, the Central Economic Work Conference, and the overall strategy of provincial CPC committee of "Richen people by hard work, strengthen province by Innovation", regard the world sewing course as our dedication, with the concept of "Scientific Development” as a guide, aiming at "Perfect", with innovation as the core strategy of the enterprise, continuously promote the innovation of concept, system, technology, management, marketing and culture, and comprehensively improve the overall quality and core competitiveness, and achieve the complete change in approach to development, to be a responsible leader to our customers, employees and society, to be a professional manufacturer with sustainable development and strive to become famous brand of the world.

　　Feiyue would like to work together with companies of the whole industry, to provide the most perfect products and service to the global market with spirit of innovation, to make more contribution to the transmission of China from big to strong country for production of sewing machinery, and to the prosperous of the course of global sewing machinery.
 
　　FeiYue Group Co LTD