Beijing Longan (Nantong) Law Firm Supports Kexing’s Compliance-Based Operations

Release Date:

2024-06-15

Author:

KEXING

NEWS

Corporate compliance refers to the establishment, by an enterprise based on its own specific circumstances and in accordance with relevant laws and regulations—including criminal law, administrative law, civil and commercial law—as well as international rules—of an operational management system that can effectively prevent and deter illegal and criminal activities.

Sharing Session Venue

On June 14, a delegation led by Attorney Zhang Rui from Beijing Longan (Nantong) Law Firm visited Kexing to conduct a corporate compliance sharing and exchange event. The event was attended by senior company executives, including Wu Longtie, Chairman of Kexing Chemical; Wu Xiaoqiang, President; and Wu Guihong, Deputy General Manager of Finance.

Sharing Session Venue

Compliant operations are a crucial step for the long-term development of enterprises. General Secretary Xi Jinping has stated: “Private entrepreneurs must uphold integrity and follow the right path; they should focus wholeheartedly on running their businesses, conduct operations in strict compliance with laws and regulations, and enhance their competitive edge through lawful and compliant practices.” At the sharing and exchange session, the team from Beijing Longan (Nantong) Law Firm elaborated on the significance of corporate compliance, providing detailed explanations and guidance on strengthening legal awareness, adhering to ethical and clean professional conduct, identifying corporate legal risks, and implementing preventive measures. In addition, the session used vivid case studies to warn of the consequences of unlawful business practices.

Sharing Session Venue

Chairman Wu Longtie stated that, as a leading enterprise deeply rooted in the metalworking fluids industry, Kexing Chemical has, over the past 36 years, consistently upheld the principles of integrity and down-to-earth workmanship. Through its strong brand reputation, superior product quality, and exceptional service, the company has earned widespread respect within the industry, earning the titles of “China Manufacturing Single Champion” and “China Manufacturing Hidden Single Champion.” Kexing has established partnerships with numerous large state-owned enterprises, central SOEs, foreign-invested firms, and well-known private companies across China, particularly in the aerospace and defense equipment sectors, where it now enjoys considerable influence. While starting a business is no easy feat, maintaining and growing it is even more challenging; therefore, Kexing has always regarded lawful operations as the cornerstone of its success, steadfastly adhering to ethical and legal standards, pursuing honest and upright conduct, fostering a culture of integrity, and fulfilling its social responsibilities by instilling a commitment to compliance among all employees.

Steady progress leads to lasting success; only rigorous compliance can drive substantive improvement. Both parties stated that they will further strengthen communication and cooperation in the future, build a more comprehensive compliance management system tailored to Kexing’s actual needs, ensure full coverage of all aspects of production and operations management, effectively enhance the ability to prevent, identify, and address compliance risks, integrate compliant business practices into daily operations, and thereby enable Kexing to advance more steadily and sustainably on its century-long journey as a renowned brand.