Yintai Commercial Group and Yintai Culture and Tourism Group take the initiative to propose salary cuts to jointly address the challenges of the epidemic

At present, the "epidemic" of the national fight against COVID-19 is still at the forefront. Since the outbreak of the COVID-19, Yintai Group has made every effort to fight against the epidemic by implementing the government's requirements for epidemic prevention and control, doing a good job in protecting the safety and health of employees and customers, announcing the closure, postponing the resumption of work, taking the initiative to exempt merchants from the rent during the closure period, actively participating in the charity donation of medical supplies and other measures, and has won support and praise from many aspects of society.

However, it must be admitted that due to the impact of the epidemic, consumer industries such as catering, retail, and cultural tourism have been greatly affected. Many enterprises in various regions are facing operational difficulties in terms of funds and costs, and related businesses under Intime Group are no exception, all of which have been greatly affected.

Recently, Yintai Commercial Group and Yintai Culture and Tourism Group, both subsidiaries of Yintai Group, have expressed their willingness to work together to overcome industry challenges. Among them, Yintai Commercial Group has released a proposal of "Love Together, Overcome Difficulties Together", calling on all employees to unite as one, strengthen learning and innovation, do a good job in cost management and operational efficiency improvement with "me as the main", and explore the service value with "customer-oriented"; And it was announced that Yintai Commercial Group actively requested a halving of salaries for management personnel at or above the general level. The senior management of Yintai Culture and Tourism Group has also made it clear that during the period of working from home, executives will receive zero pay, and has advocated that department heads and project leaders receive 70% of their salary during the period of working from home until they return to work.

Under unprecedented market challenges, Intime Commercial Group and Intime Culture and Tourism Group have taken proactive measures and voiced their support, demonstrating their firm determination to overcome difficulties together with Intime Group. We believe that as long as the entire group works together, we will be able to overcome the market challenges brought by this epidemic.