From July 31 to August 7, Group Chairman Fu Yuning and his team visit to the United Arab Emirates (UAE) and Brazil, and carried out thorough studies of the local investment and development environment and consumer goods markets.

During the visit, the team had discussions with major local enterprises and organizations including BRF S.A., Anheuser-Busch InBev, 3G Capital and representative offices of J.P. Morgan and UBS. Chairman Fu and team visited relevant production facilities, and conducted on-site investigations into sales channels for local consumer goods. The team introduced China Resources Group’s development strategies and core businesses to the local entrepreneur community. The delegation also made in-depth communications with relevant local enterprises regarding political and economic development and potential cooperation opportunities.

The team gained a deep understanding of the natural resources, political and economic environments, capital markets and consumer goods industries in the UAE and Brazil, paving the way for successful implementation of the Group’s “Going Abroad” strategy. Important first-hand information was collected during the tour, thereby laying the groundwork for China Resources Group’s future investment operations in the two countries.

Chairman Fu was accompanied by Deputy General Manager Chen Lang and officials from the Group’s Board of Directors Office and China Resources Enterprise.