Group General Manager Luo Xi conducted a site visit to Zhejiang from 20 to 22 July, and met Acting Governor Che Jun and Vice Governor Zhu Congjiu, during which the two parties had a cordial and friendly talk and achieved positive outcomes.

During the tour, Luo listened to work reports by the China Resources Land, China Resources Gas, China Resources Cement and Vanguard’s Ningbo branches. He commended the four teams for their excellent performance in the first half of 2016, and put forward specific requirements regarding their future operations, calling on them to adjust product structure, develop the local market through active innovations, further consolidate basic-level management operations, ensure effective organization at the grassroots level, strengthen staff training, boost profitability, and achieve high-quality business growth, revolving around value creation for clients as the top priority.

Luo made an inspection tour to China Resources Hangzhou Ng Fung Frozen Foods Co., Ltd. and China Resources Hangzhou Ng Fung United Meats Co., Ltd., where he had discussions with the Ng Fung management team. He highly commended the two companies for their outstanding performance after joining the China Resources Group, and called on management to increase the value of their businesses by further tapping into the potential of value-added services, in line with the actual needs of customers; step up product R&D operations, and improve profitability through deep-processing businesses; enhance the standard of information technology applications, and continuously tighten up EHS management to ensure food safety.

During his tour to Zhejiang, General Manager Luo met with Che Jun, Acting Governor of Zhejiang Province. During the meeting, Governor Che talked about socioeconomic developments in Zhejiang, noting that the province maintained strong momentum for overall economic development. Che also pointed out that China Resources boasts strong competitiveness and extensive business coverage, and has a reputable brand image in the marketplace. Thus he hoped that China Resources would create more business opportunities by further penetrating the Zhejiang market, thereby making greater contributions to the economic transition in the province. The party committee and the government of Zhejiang province will continue to offer full support for the company’s development in Zhejiang.

Luo thanked the provincial party committee and government for their support over the years. He pointed out that Zhejiang was in the midst of an economic transition and upgrading, and had launched the “Beautiful Countryside” and “Town Specialty” campaigns. These initiatives created ideal development opportunities for the company, and China Resources Group will develop feasible plans through active research efforts. He talked about China Resources’ development in various businesses, stressing that the company’s upgrades in consumer goods, healthcare and real estate (“大消费、大健康、大地产”) businesses have enormous development potential in Zhejiang province. He hoped that the party committee and government of Zhejiang could provide stronger support to China Resources investment and business development in Zhejiang.

The two parties exchanged ideas regarding difficulties and issues China Resources encountered in its investment and business operations in Zhejiang. Several agreements were concluded at the meeting. Previously, General Manager Luo also visited Vice Governor of Zhejiang province Zhu Congjiu, and the two parties reached a consensus concerning China Resources’ participation in reforming the real estate companies owned by the provincial government.

Li Weining, Secretary-general of Zhejiang Province, Deputy Secretaries-general Wang Gang and Lu Jianqiang, and Feng Bosheng, Chief Director of the State-owned Assets Supervision and Administration Commission of Zhejiang Province, were also present at the meetings. Heads of the Group’s Board of Directors Office, Strategy Department and Financial Department, and China Resources Land and China Resources Gas accompanied General Manager Luo in the meetings.