On February 13, 2023, the company, China Construction Bank Beijing Branch, China Zheshang Bank Co., Ltd. Beijing Branch, China CITIC Bank Co., Ltd. Beijing Branch, Kuwait National Bank Co., Ltd. Shanghai Branch jointly signed the Iraqi Cement Co., Ltd. Plant project financing agreement. Ji Xiaoyong, secretary of the party committee and chairman of the company, attended the signing ceremony, Chen Guanfu, deputy secretary of the party committee and general manager, presided over the ceremony, and Yang Tianfu, member of the party committee and chief accountant, signed the agreement on behalf of the company. Lou Difei, Deputy General Manager of Strategic Customer Department 1 of China Credit Insurance Corporation, Hu Guanjun, Deputy General Manager of Strategic Customer Department of China Construction Bank, Wang Wengang, President of Beijing Branch of China Zheshang Bank, Yang Pan, Vice President of Beijing Branch of China CITIC Bank, and Yang Xianliu, President of National Bank of Kuwait Attend and witness the signing of the agreement.

Ji Xiaoyong attended the ceremony and delivered a speech

Chen Guanfu presided over the ceremony

Before the signing ceremony, the company held talks with representatives of various financial institutions on strengthening close communication, innovating business models, and further promoting high-level cooperation between banks and enterprises. Ji Xiaoyong expressed his gratitude to SINOSURE and the financing banks for their support and trust. At the same time, he said that he would increase the development of new energy projects in Iraq in the future, and hoped to cooperate closely with SINOSURE and the financing banks to promote the reconstruction process of Iraq. Make a positive contribution.

Lou Difei highly affirmed the innovation of the Iraqi cement plant project financing model and the resource integration ability of Power Construction International. She said that China Credit Insurance will actively promote the use of innovative financing models in the future, and actively respond to the needs of enterprises to provide better insurance product.

The heads of the financing banks delivered speeches one after another, wishing the Iraqi cement plant project to achieve financing closure as soon as possible and start construction smoothly. They unanimously expressed that the project is a milestone in the cooperation with Power Construction International Corporation, hoping to take this opportunity to further provide high-quality financial services and expand cooperation space; at the same time, they also hope to strengthen close cooperation with financial peers to jointly promote the local economic development in Iraq, Contribute to the connection between the Iraqi region and the world. Editor/He Yuting