On September 18-19, CEO Jim Caggiano brought all the other 5 executives of the American company Dendreon to Sanpower Group, which was their first visit since Sanpower acquired Dendreon. Yuan Yafei, Chairman of Sanpower, as well as President Yang Huaizhen, Global Executive Vice Presidents Liu Zhenhua, Yi Chuilin and Yue Lei, Senior Vice President Bu Jiangyong, Biotherapeutics Senior Vice President & Dendreon Chairman Xu Fang and Vice President Wang Tongyan met with the Dendreon executives respectively. During the two-day trip, the Dendreon executives held a board of directors meeting, a strategic communication meeting, a Dendreon Hundred-day Program meeting and business communication meetings at all levels with Sanpower’s management teams. 

The Dendreon executives first visited the Corporate Culture Showroom of Sanpower Home, the concept store of Brookstone and the Ageing Service Command Centre, were impressed by the diversified development and fast pace of internationalisation of the Group, and expressed hope to contribute to the internationalisation endeavor of Sanpower as a key player. 

Chairman Yuan Yafei, while meeting the Dendreon executives, noted that 2014 marked the beginning of Sanpower’s internationalisation strategy. After acquiring several overseas companies, the Group has developed considerable expertise in the operation of overseas enterprises. He hoped as a family member, Dendreon can quickly assimilate the corporate culture of Sanpower. At present Dendreon is already a crucial link in the Group’s ecosystem. Sanpower will support Dendreon’s global expansion and hopes that the team of Dendreon will continue its efforts in solidifying and expanding its footing in the U.S. market on one hand and helping their Chinese colleagues introduce Provenge to the Chinese and Southeast Asian markets on the other. Hopefully this cooperation will begin a new glorious chapter of Dendreon.

At the strategic communication meeting on September 18, Sanpower Group President Yang Huaizhen cordially welcomed the American guests. After an overview of Sanpower Group, Yang Huaizhen observed that this acquisition is both a commercial cooperation and a boost to the well-being of patients. All collaborations between Sanpower Group and overseas executive teams of companies acquired in the past prove pleasant and effective. She believed the same would hold true for working with Dendreon, which will create more value for both parties.

Global Executive Vice Presidents Liu Zhenhua and Yue Lei also warmly greeted their American colleagues. Liu Zhenhua said the Group welcomes Dendreon as a new family member, and he believes with concerted efforts of both parties Dendreon will achieve greater results. Yue Lei said that autumn is a season of harvest and with the seeds Sanpower and Dendreon has sowed at the beginning of the year, it will be time to reap an ample harvest. 

Later, the Enterprise Management Centre and the Capital Planning Division of Listed Companies, among other divisions discussed in depth Seven Factors of Sanpower Management System with the Dendreon team, which in the process asked many questions about other companies under the Sanpower Group. 

On September 19, executives of Dendreon interpreted the business status and development as well as the company’s organization according to the requirements of the Dendreon Hundred-day Program. They also answered questions from members of the Hundred-day Program team to help the latter better understand Dendreon, and lay the foundation for Dendreon’s incorporation into Sanpower Group. 

The two-day trip featured a packed schedule but proved highly effective. It helped Sanpower Group and Dendreon executives better understand each other and the business of Dendreon, and made adequate preparation for Dendreon’s entry into the Chinese market.