Mr. Fu Yuning, Chairman of China Resource Group, had a meeting with Frédéric de Mevius, board chairman of Verlinvest, a Belgian private equity fund, and other delegates at China Resources Building in Hong Kong. After the meeting, the Group signed a cooperation agreement with Verlinvest, under which the two sides will work together in the fields of health and consumer products and the provision of services for the elderly.

Mr. Fu Yuning extended a warm welcome to Mr. de Mevius. He said the cooperation between the two sides will complement their respective advantages and give an effective boost to China Resources in its global investment, and bring more "good products" overseas to Chinese consumers via "good channels". Mr. De Mevius thanked Chairman Fu Yuning for meeting him. He said as a diversified and powerful Chinese enterprise, China Resources was one of the most important partners of Verlinvest, and he was fully confident about achieving a win-win situation in the future.

After the meeting, Chen Ying, the Group's chief strategic officer, and Nicholas Cator, managing director of Verlinvest, signed the cooperation agreement on behalf of the two parties together. The two parties will set up a joint venture with a focus on health and consumer products and the services for the elderly, namely China Resources Verlin Health Investment Co., Ltd.

Verlinvest has profound experience and wide influence in international financial investment, management of leading global consumer goods companies, and provision of services to the elderly in northern Europe. The cooperation with Verlinvest is a useful attempt of the Group’s to operate in an industry fund's manner. It will not only help China Resources explore and establish presence in the industry of caring for the elderly but also provide valuable experience for China Resources in its efforts of going global.

Management of the Group's strategy department and finance department were present at the signing ceremony.