April 13, 2023. Shenzhen, China - Ren Daobo, Secretary of the Lhasa High-tech Zone Party Committee, and his delegation visited XGD INC. for a tour and discussion with Mr. Shi Xiaodong, President of XGD INC.. The two parties engaged in in-depth discussions on investment cooperation and joint industrial development.
During the meeting, Secretary Ren opened the dialogue by reflecting on the government consumption voucher program. In 2022, to stimulate consumer recovery and efficiently coordinate promotional activities, Lhasa initiated a government consumption voucher initiative aimed at aiding economic recovery and promoting high-quality socio-economic development.
XGD INC.'s wholly-owned subsidiary, JLPay, served as the implementing partner, providing the platform and operational support for the distribution of the vouchers. Through various initiatives, including consumption vouchers, automotive subsidies, special subsidies for farmers and herders, appliance promotions, and online sales of collectibles, the government successfully conducted over 92 rounds of consumption voucher activities, distributing more than 1.6 million vouchers and generating a consumption amount of 750 million yuan.
Secretary Ren emphasized that the visit aimed to listen to the company’s needs based on previous collaborations and to provide timely policy recommendations. Additionally, he sought to promote the industrial positioning and policy advantages of the Lhasa High-tech Zone to facilitate joint industrial development.
Secretary Ren introduced the Lhasa High-tech Industrial Development Zone as Tibet's first "National-level" high-tech industrial development zone. The park is focused on high-tech industries centered around digital industries and modern services, aiming to become a demonstration zone for innovation-driven development and a leader in high-quality growth, thereby reshaping the landscape of western development.
President Shi Xiaodong expressed XGD INC.'s strong commitment to developing its business in Tibet. He noted that the company has dispatched a product team to work on-site in Tibet and has invested various strategic resources, including enterprise equipment and project funding. XGD INC. is dedicated to advancing service operations in Tibet, driven not only by the alignment of its technological capabilities with local market needs but also by a sense of corporate responsibility and a commitment to giving back to society. The headquarters will continue to provide platform support, empowering local branches with greater autonomy to quickly adapt to market changes and make informed decisions, thus fostering the development of localized and standardized products and services.
This meeting marks the continuation and deepening of XGD INC.'s ties with Tibet. Looking ahead, XGD INC. is poised to align with policy directions and actively engage in the growth of new economies and industries in Tibet, creating long-term and stable social and economic benefits.
