Group Chairman Fu Yuning met with GIC’s Chief Investment Officer Lim Chow Kiat and representatives in Beijing on the afternoon of March 18. Both parties exchanged views on issues such as macroeconomic conditions, state enterprise reforms and corporate governance.

Mr. Fu welcomed Mr. Lim and briefed him on the Group’s developments. He also reviewed the partnership between China Resources and GIC in various business segments, including consumer goods and real estate. Mr. Fu said that the two companies could play to their respective strengths in operations and capital, in both China and the global market, to achieve win-win outcomes.

Mr. Lim briefed Mr. Fu on the history of GIC, as well as on its areas of investment in China. He expressed appreciation for the Company's existing partnership with China Resources, pointing out that China Resources is one of GIC's best partners in China, and stating that he hoped that both parties would be able to deepen their cooperation in fields such as pharmaceuticals and medical treatment, as well as in overseas business.

The Group's Deputy General Manager, Chen Lang, attended the meeting with staff from the Group’s Office of the Board of Directors and China Resources Enterprise.