- Chairman Wang Yitong Led a Delegation to Attend the First CIIE -

On November 2-5, 2018, Mr. Wang Yitong, the Chairman of NORINCO International, led a delegation to Shanghai to participate in the first China International Import Expo. On the morning of November 5, the delegation attended the opening ceremony of the first China Import Expo and the Hongqiao International Economic and Trade Forum. Mr. Yuanjin, the President, Mr. Du Xiaodong, the Secretary of the Board of Directors, and Mr. Guo Yongchun, the Vice-President of NORINCO International attended the event.

On the eve of the Expo, Chairman Wang Yitong hosted a panel discussion in Shanghai. NORINCO International’s headquarter and subsidiaries made a report on the preparations for the Expo, respectively, and discussed how to seize the opportunity of the Expo, further explore the market and seek development opportunities. During the discussion, Chairman Wang Yitong first introduced the operation and the completion of the operational indicators of the NORINCO in the first three quarters of 2018, and he also pointed out the set requirements for the next step. Chairman Wang Yitong mentioned, first of all, this visit is in line with the general trend of world economic and trade development. This is an unprecedented grand occasion-14 heads of state delegation, 8 deputy prime ministerial delegations and 59 ministerial delegations attended the Expo. Besides China, a total of 81 countries and international organizations such as the World Trade Organization, the United Nations Industrial Development Organization and the International Trade Center also participated in the International Trade and Investment Comprehensive Exhibition. Both NORINCO Group and NORINCO attach great importance to this event. We hope that NORINCO International could seize the opportunity of this event to sign more contracts. Through market development, we will foster new growth points. Second, the year of 2018 is going to pass soon, and all units must continue to maintain a positive and enterprising posture, ensure high-quality completion of the annual work objectives. Meanwhile, we need to start to make the plana and budget arrangements for next year. Third, the company should continue to strengthen comprehensive risk management, manage existing investments, manage and control the risks of overseas investment projects, and prepare for the operation of future projects while achieving the construction of existing investment projects. Fourth, we must continue to do a good job in building party teams, improve the company's international management level, send personnel to overseas markets, train and grow in practice, and continue to do a good job in standardizing operations, and act according to systems and procedures to improve execution. In accordance with the state's requirements for state-owned enterprises, the high-quality development of the NORINCO International will be realized.

During the Expo, Chairman Wang Yitong also conducted a meeting with Mr. Chavalit Frederick Tsao, the Chairman of IMC Pan Asia Alliance Group, Mr. Cao Qing, the General Manager of Shanghai Baowu Company, and Mr. Sheng Zhongke, General Manager of Shanghai Baosteel Gas Corporation.