Chenghuang Company's Decision Regarding a Certain Sanctions List
Regarding a certain sanctions list, Chenghuang Company's Shareholders Meeting and Board of Directors conducted a joint review and decided that, regrettably, they could not comply with the list's requirements. The specific reasons were as follows:
1. A large amount of payment for goods had already been made. Chenghuang Company's corporate culture valued integrity, and the money and goods had to be settled in full. Therefore, trade would continue until the orders were completed.
2. Humanitarian crises had occurred in many parts of North Africa. The medical supplies sold by Chenghuang could greatly alleviate the crisis. Although some buyers were on the sanctions list, they had promised to use Chenghuang's products to aid refugees—for example, using Chenghuang Generation 1 Artificial Blood to alleviate blood shortages in hospitals in war zones, and distributing Chenghuang Mosquito Repellent Ointment to refugees to prevent mosquitoes from spreading infectious diseases during the peak season.
3. Organizations such as the United Nations Children's Fund and the World Health Organization had previously called on pharmaceutical companies to provide medicine to the North African war zones. Chenghuang Company resolutely answered the call.
4. Chenghuang Company had currently received more than 40 million in donations from kindhearted people in over 30 countries. The funds were intended to supply Artificial Blood and medicine to refugees in the North African war zones. Chenghuang Company would ensure that the donations from kindhearted people around the world reached hospitals in the war zones.
Chenghuang Company's official website had already published the donation account. Kindhearted people from all countries were welcome to donate suitable amounts. The company would regularly disclose the donation totals and the status of material supplies.
Chairman of Chenghuang Company: Wei Liqun
Representative of Chenghuang Company's Shareholders Meeting: Song He
As soon as the