With brilliant investor relation work, COSCO Pacific was awarded the first place in "Best Investor Relations of Conglomerate in Asia" and "Best Investor Relations of China Entrepreneur" from buy-side view and the first place in "Best Investor Relations of Conglomerate in Asia" from side-side view in "2005 Asian Equities Market Report" published by the most authoritative research institute in the world, Institutional Investor Research Group, in November.
The assessment is divided into two categories. Assessment in the first category is based on industry classification. The second category is classified by countries and region. Buy side analysts, fund managers and sell side analysts will vote in both categories. In the category of industry, COSCO Pacific was ranked in the first place of "Best Investor Relations of Conglomerate in Asia" by buy-side analysts, fund managers and sell-side analysts simultaneously. As in the category of countries and regions, COSCO Pacific was ranked in the first place of "Best Investor Relations of China Entrepreneur" by buy-side analysts and fund managers. This is the second time COSCO Pacific winning the prize after winning "Best Investor Relations of Conglomerate in Asia" presented by Institutional Investor Research Group in 2004.
COSCO Pacific has been emphasizing investor relations. We presume that good investor relations work is useful in enhancing the corporate governance of the company and create wealth for shareholders. In recent years, focus of investor relations is in the enhancement of information flow with the investors via different channels like road show, meeting, telephone, and open and frank communication with investors. While letting them understand the management rationale, business environment and investment development strategies, we can also learn investor's most concerned topics to our company and improve subsequently.
Acquiring a wide recognition among investors this time is a great encouragement to COSCO Pacific. We will continue to build a close relation with the investors and maintain a high level in investor relations work.