Around 7 p.m. on the evening of the 15th, Five Star Appliances sent a statement to the reporter indicating that the company's recent adjustments involved new appointments for a group of sub-division and headquarters management personnel, with more than 10% of the management receiving promotions and no managerial staff being dismissed. The statement revealed that Five Star Appliances had promoted outstanding managers to oversee larger divisions based on performance data. Some long-term expatriate managers were recalled to work at the headquarters and nearby branches in Nanjing, while a group of post-70s backbone employees were also promoted. Jing Xing stated that since January, the exit of the trade-in policy has indeed affected the home appliance industry, but "the overall performance from January to February is still satisfactory and met expectations." Due to Best Buy being a public company, Jing Xing indicated it was inappropriate to disclose specific figures. At the beginning of 2011, Best Buy proposed that Five Star Appliances would open 40 new stores in China that year. The official announcement from Five Star Appliances on the 15th also disclosed that the company had exceeded this number, currently owning 204 stores. Whether in terms of the number of newly added stores or net increased business area, it reached a new high since 2006. It also fully accomplished the sales, profit, and other targets set by Best Buy for 2011. Hong Shibin, Deputy Chairman of the Marketing Committee of China Home Appliance Industry, believed that the reason why Five Star Appliances has drawn so much attention is directly related to its every move concerning Best Buy, America’s largest electronics retailer, whose performance in the Chinese market has been unsatisfactory in recent years, with unclear plans for returning to China, putting it at the center of controversy. In the official statement, Five Star Appliances also revealed its development strategy for 2012, which involves expanding by adding 50 new stores and experimenting with a new mobile phone business model through "stores within stores." Notably, the statement also mentioned that Shari, Best Buy's newly appointed president of the international division, will visit Five Star soon to "facilitate the rapid implementation of the China strategy." Does this mean there will be more progress in Best Buy's return to China? When asked by reporters, Jing Xing declined to comment.