On July 25, 2014, jiangsu furen group co., ltd. successfully transferred 80% of the equity of xu forging group company through the property trading platform of jiangsu state-owned assets supervision and administration commission. On August 11, 2014, chairman yuan renwei of jiangsu fangyuan group co., ltd. formally signed the state-owned property transfer contract. In order to quickly carry out the work of xu forging, on August 12, 2014, general manager ni longxing and director yuan renwei of jiangsu fangyuan group went to xuzhou for a long term handover and successfully completed the work. Yuan Renwei August 13 to 14, 2014, chairman of fast, five meetings respectively, the high-level meeting reform strategy, sales meeting to adjust sales model and the corresponding incentive measures, technical meeting product strategy adjustment project was clear, and so on, to improve the existing enterprise shareholding structure, transforming their operational mechanism, enhance the vitality of enterprises, to xu forging to establish new mechanism, to carry out the new measures, set up the new image is put forward a number of measures. In the future, the company will increase the investment in xu forging, constantly update the equipment, improve its rapid response ability, by virtue of the original technical quality, brand advantages and the introduction of international advanced technology level, to maintain the leading position in the market, to provide customers with more high-quality and reliable products and high-quality and efficient service. We believe that the acquisition of xu forging will open a new era for furen to enter the stamping equipment field.