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            Ms. Fei Yuan
            Chairperson of the Board , President

            With long-term vision and a proven capacity to adapt to the change over more than 70 years, through the continued efforts of several generations, Chinatex corporation ltd. (Chinatex) has grown up with Chinese nation and written a magnificent chapter in the history of the development of textile trade in China.

            On July 18, 2016, Chinatex Corporation was incorporated into COFCO Corporation (COFCO) under the approval of the State Council. The Cotton business, Chinatex’s main business has become one of the four core businesses (grain, oil, sugar and cotton) of COFCO.

            The 14th Five-Year Plan is the first five year period after China has realized the first centenary goal of building a moderately prosperous society in all respects, and followed by embarking on a new journey toward the second centenary goal of building China into a great modern socialist country in all respects. It is also an important period for China's textile industry to enter a new stage of high-quality development, as well as a key stage for Chinatex to promote reform and transformation to achieve high-quality development. Chinatex will follow COFCO’s general policy—“High-quality, globalization and risk control”— consolidating our position in the cotton , fabric, printing and dyeing industry, expanding the influence of our textile and garment business through steadily improving quality, adjustment and upgration, transformation and reformation, strengthening operations and innovation. Chinatex aims to become a first-class international cotton merchant with "scale, excellent quality and new style", and become a practitioner of intelligent innovation, green development, and environmental protection.

            Looking ahead, opportunities and challenges coexist. In the process of economic globalization, competition is more intense while cooperation is still the mainstream. Taking the 14th Five-Year Plan as the general guideline, Chinatex will focus on new drivers, seize new strategies, achieve new breakthroughs, meet and overcome new challenges, and actively fulfill its major political, economic and social responsibilities.

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