On August 6^th 2006, the meeting of Equipment Modernization was held in Genertec Plaza by Ministry of Railway, P. R. China. CNTIC undertook this meeting. More than one hundred people were present at the meeting, headed by Mr. Zhang Shuguang, the deputy chief engineer of MOR and director general of Transportation Bureau, Liu Debing, vice president of CNTIC, other leading officials from Departments of Program and Finance of MOR, as well as Business Development Head Office of Genertec Group.