On September 28, 2020, China Certified TaxAgents Association released the national top 100 tax firms in 2019, and ChungRuiTax Group ranked the fifth among the top 100. It is impossible to achieve suchexcellent achievements without the correct leadership of Chung Rui International Group, the efforts of localsubsidiaries and the support and help of brother professional companies.
This year marks the 10th year of the ChinaTax Agents Association's Top 100 list. Since its entry into the Top 100 list in2014, Chung Rui Tax Group has shown a steady upward trend from the initial 29thto the current 5th place. To maintain sustainable development, it should thank tothe development strategy of branding, networking, scaling andinternationalization formulated 12 years ago. Through more than ten years ofunremitting efforts, Chung Rui has built up a higher brand awareness,established a nationwide service network and joined the world's ninth largestindependent accounting and consulting firm, Nexia International. Moreover, ChungRui has further improved its internal management to transform from alarge-scale firm to a professional firm.
In 2020, under the dual influence of theCOVID-19 epidemic and the Sino-US trade friction, our business environment willface huge challenges and uncertainties, especially during the 14th Five-YearPlan period China will enter a new stage of development. We should grasp theopportunities and challenges brought by the development pattern of doublecircular economy and rise to the difficulties head-on.