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The company's solvency ratio stood at 281.67 percent, and that for the core asset reached 275.93 percent, all above the boom-bust line.

The company, which started to drill in June 2018, has overcome the difficulties posed by ultrahigh-temperature and ultra-high-pressure conditions, said Cai Zhenzhong, head of the company's resource exploration department.

The company's share trading in Hong Kong and Shanghai was suspended on Tuesday.

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The company said that by the end of this year, passengers are expected to commute without paper tickets.

The company said the authorities are very supportive of the internet and technology segment, especially the innovative development of the industry, with purpose of avoiding improper behavior and ensuring the long-term, healthy development of the industry.

The company specializes in designing and manufacturing small home appliances such as electric kettles, blenders, toasters and coffee makers. Over 95 percent of its revenue comes from buyers from more than 100 countries and regions across the globe, including Europe, Australia and the US.

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The company's leadership has been through a series of changes over the past 10 years. First the other co-founder Wu Hong died in 2009. Su Mang, president of the group since 2014, resigned in 2018 due her mother's illness. Right now, there are many speculations in the air, but the name of Liu's successor hasn't been announced.

The company's shares fell by 0.49 percent on Thursday on the Shanghai Stock Exchange.

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The company will build its own refrigeration, plastic bag production and recycling facilities, and will have a logistics team, Lu said.

The company redesigned the brand around her likeness. In 1989, Quaker Oats updated the brand's imagery, replacing a headscarf with pearl earrings and a lace collar. PepsiCo bought the business in 2001.