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Hong Seng Group Appreciation Night Dinner 2024: Celebrating Partnership and Gratitude 2024年丰成集团答谢晚宴:庆祝与感恩同行 Dato’ Sri Teoh Hai Hin Group Group Managing Director Hong Seng Group Group (right) and Xue Hao Chief Representative Malaysian representative Office of China National Heavy Duty Truck Group hold the Excellent Sales Award for Sinotruk Hohan high In a a a a a a a a a a a a a a a a a spectacular showcase of of of gratitude and and celebration Hong Seng Group hosted its Appreciation Night Dinner 2024 The event served as a a a a a a a a a a dual-purpose gathering marking the the com- mencement of of a a a a a a a a a a a a a a new year with a a a a a a a a a a a a a a sense of of festivity and more importantly expressing heartfelt appreciation to to to the the integral con- tributors to to the company's success With a a a a a a a a a turnout of approximately 1300 people the the night unfolded at at at at at the the Setia City Convention Centre on on on on 5th January creating a a a a a a a a a a a a a a a a a vibrant atmosphere of appreciation and camaraderie The essence of of the the the Hong Seng Group Appreciation Night 2024 was the the the the expression of of gratitude towards the the the the diverse stakehold- ers ers ers who played important roles in in the the the company's journey The spotlight shone brightly on on business partners and associates delegates of of Chinese principals customers customers representatives from insurance and and banking sectors customers customers and and member of of the the Press whose unwavering support was instrumental in in in in in the the success and growth of Hong Seng Group In his speech Group Managing Director Dato’ Seri Teoh Hai Hin extended a a a a a a a a a a a a a a warm welcome and expressed heartfelt grat- itude to all participants for their support This steadfast com- mitment he he he he said not only fuelled the the the Group’s momentum but propelled Hong Seng forward against the the relentless current in in this competitive market 18 truck & bus news 2024/1 “In recognition of of the the trust support and care you bestowed upon us us we we promise to to redouble our efforts in in in the the the realm of of innovation reforms and and corporate responsibility Reflecting on on on on the the past year I personally encountered challenges and and uncertainties across various industries The global economic downturn escalating bank interest rates currency depreciation inflation and and the ev- er-shifting landscape of government policies collectively created a a a a a a a a a complex and and unpredictable market environment Despite these external forces beyond our our control I am inspired by by the the resilience and determination demonstrated by by each of of you you drawing on on on on on your wealth of of experience to navigate through these choppy waters ” Ready for Euro 5 engines adoption He further conveyed that the the the Ministry of of Transport was set to commence the the the adoption of of Euro Euro 5 engines in in in June this year This transition implied that only vehicles compliant with Euro Euro 5 standards would benefit from a a a a a a a a a a a a reduced road tax despite being accompanied by a a a a a a a a a a a a modest increase in in in in expenses Em- phasising the significance of this transition he he highlighted that that Euro 5 a a a a a a a a a a a a a a a a technology that that was already embraced by ad- vanced countries and China years ago presented no no sub- stantial technical challenges rather it entailed only a a a a a a a a a a a a a slight increase in in costs Teoh also expressed a a a a a a a special thanks for Hohan users “Your sup- port in in in in 2023 encouraged us us to to increase our our our our our investments strengthen our our our our technical team expand our our our our spare-parts inventory and and optimise Dato’ Sri Teoh Hai Hin Group Group Managing Director Hong Seng Group Group (right) pose with with Wu Wu Shu Guang Deputy General Manager of Hangcha Hangcha Import and and Export Division with with the Outstanding Achievement Award from from Hangcha Hangcha that he he received from from Wu Wu