In the afternoon of July the 21st, Chairman Fu Yuning met with the president She Linfa of DBS Group in Hong Kong, and reached an extensive agreement after communication on promoting cooperation of the two parties, laying a foundation for the further cooperation.

Chairman Fu Yuning pointed out in the meeting that the DBS Group was an important cooperative partner, and the business of both parties has covered every business unit of the group, and the cooperation would be further broadened and increased. Besides, Chairman Fu has also introduced the group’s overall business, financial management and control, the business performance of each business unit and the challenges faced, and he also outlined the future development of the group.

President She Linfa introduced the development strategy of DBS Group in China and Asia. He suggested that the DBS Group has attached a great importance to the good cooperation established with CR for a long time, and expected that the cooperation of both parties could be deepened with the continuous improvement of CR.

During the meeting, Chairman Fu exchanged views with the CEO Piyush Gupta of DBS Group on the macroeconomic trend and the challenges faced by the bank industry. While talking about the increasing CNH DF in Singapore, Chairman Fu pointed out that the two parties could further promote their cooperation in the effective use of CNH and Shenzhen Qianhai modern service cooperation zone. By giving fully play to their respective advantages of each party, both could realize mutual benefit and win-win result. The leaders of DBS Group have also expressed their good hope that the two parties could continually increase their cooperation areas and expand their cooperation scale.

Also participating in the meeting were the chief accountant Wei Bin of CR and the CFOs of CR Enterprise, CR power, CR land, CR cement, CR gas and CR pharmaceutical.