On October 21st, Mr. Lu Pengcheng, the Vice President of SINOSTEEL Corporation Limited and President of SINOSTEEL International Engineering and Technology Co., Ltd., met with the visiting Vice President of Yangquan Coal Industry (Group) Co., Ltd., Mr. Lou Miaogen in the headquarters of the Group.

Mr. Lu firstly expressed warm welcome to the visit of the delegation led by Mr. Lou and introduced the general conditions of SINOSTEEL Group and business development of SINOSTEEL MECC. Mr. Lu indicated that Yangquan Coal Industry Group is a large state-owned enterprise with perfect industry chain, repaid development speed and good development prospect and thus SINOSTEEL hopes to further strengthen the cooperation with Yangquan Coal Industry Group on overseas projects based on good cooperation on domestic projects and by taking the national strategic opportunity of “One Belt and One Road”, so as to take initiatives in development, constantly enhance the both parties’ power in international market, create more value and achieve win-win development for both parties.

Mr. Lou sincerely appreciated the warm welcome by SINOSTEEL and gave a brief introduction of recent large projects invested by Yangquan Coal Industry Group and the conditions of subsidiary companies and main businesses of the Group. Mr. Lou pointed out that both SINOSTEEL Group and Yangquan Coal Industry Group have solid strength and big space for cooperation and thus hopes both parties to fully play its own advantages and work together in the construction of coal electrification industrial parks, mining and infrastructure as well as coal electrification integration, so as to achieve mutual benefits and win-win.

Relevant principles from the Real Estate Group of Yangquan Coal Industry Group and SINOSTEEL MECC also attended the meeting.