On the morning of June 29, the inauguration meeting has held at Modern Building, SIP, to mark the founding of CSSD Stock Co., Ltd., with the attendance of authorized representatives of the five shareholders, namely, SIP Stock Co., Ltd., Singapore-Suzhou SIP Development Consortium, Shenzhen Towngas Investment Co., Ltd., Singapore PWD Corporation, and SND Hi-tech Industry Co., Ltd.

The meeting reviewed and passed "Resolution on the Alteration of CSSD Co., Ltd. Into CSSD Stock Co., Ltd. According to Law, and Equity Shares of the Initiators", and the Articles of Association, and other items on the agenda. The meeting also elected the first board of directors and the first Supervisory Commission, which in turn held their first sessions in the afternoon.

China-Singapore SIP Development Stock Co., Ltd. is incorporated on the basis of the former CSSD, the main entity for the development of SIP. CSSD has made major contributions to the development and construction of SIP and the promotion of China-Singapore cooperation through mutual benefit, and scored excellent economic results and good returns for shareholders.

The inauguration of the stock company is an important milestone in the corporate development in speeding up the internationalization from a higher starting point at a higher plane.