From May 8 to 13, a delegation led by Mr. Wang Xiangming, Chairman of China Resources Group (“the Group”), paid visits to Singapore and South Korea. The visits achieved fruitful outcomes, where the delegation conducted in-depth review on the operations of the Group’s invested enterprises there, and engaged with key partners, government agencies, financial institutions, and academia to explore deeper collaborations across a broader spectrum for mutual benefit.

During the Singapore leg of the visit, Chairman Wang and his delegation visited the Singapore headquarter of STATS ChipPAC, a subsidiary of JCET Group, of which the management presented to the delegation with operational reports, followed by an on-site visit of the factory to gain insights into daily operations and future development plans.

Chairman Wang also led delegation to meetings with key partners such as Temasek, the Singapore Economic Development Board (EDB), and the National University of Singapore, focusing on the opportunities in strategic emerging industries and collaborative projects. Additionally, the delegation specifically scheduled a meeting with Mr. Cao Zhongming, the Chinese Ambassador to Singapore, who shared Singapore’s business and investment landscape, latest China-Singapore cooperations, as well as views and suggestions on the Group’s local business expansion during the meeting.

During South Korea leg of the visit, Chairman Wang chaired a work meeting with STATS ChipPAC Korea and they presented their operational reports to the delegation, followed by an  on-site visit to the factory. The delegation also had pragmatic and detailed discussions with JCET's partners. Furthermore, the delegation specifically scheduled a meeting with Mr. Dai Bing, the Chinese Ambassador to South Korea, to understand South Korea’s business and investment landscape, latest China-South Korea cooperations, as well as to seek suggestions on future efforts in advancing the Group’s strategic interest in the region.

Chairman Wang was accompanied by representatives from the Group’s Strategic Management Department, Human Resources Department, and JCET Group in the above visits.