On the afternoon of May 5, Hu Min, the Secretary of the Party Committee and President of CR Power, met with Liu Dezhong, the Party Secretary, Chairman and General Manager of Chongqing Energy Investment Group Co., Ltd. (“Chongqing Energy”) at China Resources Building in Shenzhen. They held amiable talks on future investment cooperation matters and reached an extensive accord.

President Hu Min welcomed the visit of Chairman Liu Dezhong and introduced the overall situation of CR Power and its business performance in 2017. He mentioned that Chongqing had a robust economic development momentum, where energy development space was vast. China Resources Group and Chongqing Municipal Government had carried out strategic cooperation in various aspects. Chongqing Energy had strong strength and made outstanding contributions to energy development of Chongqing. He hoped that both parties could further deepen cooperation in the coal-fired power business and achieve mutual benefit and win-win results.

Chairman Liu Dezhong introduced the situation of production and operation of Chongqing Energy and said that CR Power had rich experience in management, innovation, and development. Both parties had established friendly cooperative relations in existing projects, hoping for further strengthening cooperation in new energy and international development, to promote mutual development.

Chongqing Energy is a large-scale energy enterprise integrating energy investment, development, construction, operation, and service. Its business covers seven sectors, namely, coal, electricity, aluminum, gas, clean energy, construction, commerce, finance, overseas investment and financing, and the coffee industry. It is one of the top 500 companies in China.

Zhao Houchang, the Vice President of CR Power, Li Yunpeng and Zhang Yue, the Deputy General Managers of Chongqing Energy, and relevant departments and business leaders of CR Power and Chongqing Energy attended the meeting.