In November, Ms. Judy Marks, Chairman, Chief Executive Officer and President of Otis Worldwide, led the global and China regional management team to pay a visit to Otis Electromechanical. This marks Judy's second trip to China in 7 months, fully demonstrating the company's high emphasis on the Chinese market.

 

Judy stated: "Otis Electromechanical remains a significant brand in China with a 26-year history. In the long run, we will continue to drive the growth of Otis Electromechanical by investing in people and resources across three key areas: innovation, digitalization and modernization. I am confident that we can continue to fulfill our commitments to customers, our business and each other, and make a positive impact on the world around us."

 

Otis Electromechanical is a key subsidiary of Otis (OTIS.NYSE) in China, founded on March 12, 1997, with its headquarters based in Hangzhou. During this visit, Ms. Judy first went to Tianxin Xinyuan Community in Shangcheng District, Hangzhou, to experience the 17 newly installed elevators delivered by Otis Electromechanical. As a key government-backed livelihood security project, this elevator renovation project has solved the travel difficulties of residents in the old community, improved their living quality, and effectively lifted residents' well-being to a new level. At the site, Ms. Judy had in-depth exchanges with Hangzhou municipal government leaders, and expressed that Otis Electromechanical will continue to actively respond to government initiatives and contribute wisdom and strength to the city's development and construction.

 

In addition, Ms. Judy personally cut the ribbon for the Phase I project of the new headquarters office building of Otis Electromechanical, and fully recognized the planning of the Phase II project. After the renovation and upgrade, the headquarters office building will create a more open and diverse working environment for employees, bringing them a more comfortable and inclusive work experience. The upgraded office space reflects Otis' optimistic attitude towards its development prospects in China, and the company's expectation to achieve more achievements on the path of future innovation and growth. Meanwhile, Judy attended and presided over the Otis Electromechanical staff assembly, and presented awards to a number of outstanding employees, thanking them for their contributions to the company's development and encouraging them to make new achievements.

 

On the occasion of Otis' 170th anniversary, Judy also led the management team to gather with more than 100 customers and partners of Otis Electromechanical for in-depth exchanges, jointly discussing industry development trends and market improvement measures. Looking ahead, Otis will continue to deepen collaborative development with its partners, jointly explore new cooperation models and business models, create higher value for customers and passengers, and build a bright future together.