Sany Group signed a strategic cooperation agreement with China Merchants

On March 11, Sany Group and China Merchants Group signed a strategic cooperation agreement in Beijing Sinotrans Building. Miao Jianmin, Chairman of China Merchants Group, and Xiang Wenbo, Rotating Chairman of Sany Group and Chairman of Sany Heavy Industry, attended and witnessed the signing. Deng Renjie, Deputy General Manager of China Merchants Group, and Fu Weizhong, Senior Vice President of Sany Group, signed the contract on behalf of both parties. Wang Faping and Zhou Wanchun, vice presidents of Sany Group, attended the signing ceremony. The ceremony was presided over by Zhang Junli, assistant to the general manager, secretary of the board of directors and director of the office of China Merchants Group.

According to the agreement, the two parties will take this signing as an opportunity to achieve resource sharing, complementary advantages and build a win-win and sustainable strategic partnership through close cooperation. The two sides will give full play to their respective advantages and carry out strategic cooperation in the fields of new energy industry, digital and intelligent innovation, financial services, integrated logistics, urban parks, global business and management improvement, and promote the balanced development of short-term results and medium- and long-term strategic goals through efficient, pragmatic and innovative cooperation models, so as to achieve mutual benefit and win-win results.

Before the signing ceremony, the two sides held talks and exchanges.

Miao Jianmin welcomed Xiang Wenbo and his entourage to visit China Merchants. He said that China Merchants Group adheres to strengthening the leadership of the party, continuously deepens reform and innovation, continues to enhance its core competitiveness, and reaches a new level of high-quality development. In 2023, the Group's main operating performance indicators ranked among the top of central enterprises, maintaining a good trend of seeking progress while maintaining stability and improvement. At present, China Merchants is accelerating the "third entrepreneurship" in an all-round way, promoting the transformation and upgrading of traditional industries, actively cultivating strategic emerging industries, and accelerating the formation of new quality productive forces. Sany Group is a global leader in machinery and equipment manufacturing, and the two sides have a good foundation for cooperation in traditional industries such as port and shipping logistics and ship repair. It is hoped that the two sides will further tap the potential of cooperation, share market opportunities, promote the business cooperation between the two sides to move towards high-end, intelligent and green, and jointly contribute to high-quality development.

Xiang Wenbo praised China Merchants Group's outstanding achievements in promoting high-quality development, which is a model worth learning. He introduced that during the "14th Five-Year Plan" period, Sany Group focused on promoting the three core strategies of globalization, digital intelligence and low-carbonization, and is moving towards the goal of high-quality development. We hope to further deepen the innovative cooperation with China Merchants Group in comprehensive financial services, international supply chain building and the cultivation of emerging industries, so as to achieve co-creation, sharing and win-win development.

Cai Shenglin, Yuan Dan, Daniel Zhang, deputy general managers of Sany Group, heads of relevant units; Zhang Rizhong, General Manager of China Merchants Investment, Xu Song, CEO of China Merchants Port, Song Rong, General Manager of Sinotrans, Liu Yingjie, General Manager of China Merchants Testing, Li Guofeng, Chief Operating Officer and General Manager of Liaoning Port, Wu Zongmin, President of China Merchants Securities, and relevant persons in charge of the Group's Strategic Development Department/Science and Technology Innovation Department, China Merchants Financial Holdings, China Merchants Shipping, China Merchants Industry, China Merchants Bank and other units attended the event.