In the afternoon of May 6, COFCO Group Chairman Zhao Shuanglian visited China Resources. Group Chairman Fu Yuning and Group General Manager Luo Xi met with Chairman Zhao Shuanglian and other delegates.

Chairman Fu welcomed Chairman Zhao and other delegates. He expressed appreciation for the long-time friendly exchanges and business cooperation achievements between China Resources and COFCO, and introduced the Group's development plan for the “13th Five-year Plan”. He expressed the hope that both sides could strengthen communications, capitalize on both domestic and international markets as well as domestic and international resources, safeguard national food safety and further expand cooperation in the food sector.

Chairman Zhao talked highly of China Resources for its industry scale, profitability, development levels, culture and philosophy. He introduced COFCO's future strategies about further improving its domestic food business and global presence. He said there is ample room for the two parties to cooperate in the food sector, and hoped both sides could better communicate with each other about major development issues and extend their cooperation to more areas.

They also exchanged views on the development trends of the grain market.

Also present at the meeting were Ma Jianping, Vice President of COFCO; Ma Dewei, Chief Legal Counsel; senior management of COFCO's finance department, human resources department, audit department, disciplinary inspection department and COFCO Hong Kong; Chen Lang, Group Deputy General Manager; Chen Ying, Chief Strategic Officer; and senior management of the Group’s Office of the Board of Directors, China Resources Enterprise, and China Resources Capital.