On April 27th, Mr. Su Ertian, Chairman of the Board of Directors of Global New Material International (CHESIR), led a delegation to Guangxi Guidong Electric Power CORP., LTD to participate in a discussion with Yao Ruojun, Secretary of the Party Committee and Chairman of the Board of Directors of Guidong Electric Power, and Huang Weijian, Deputy Secretary of the Party Committee and President. The two sides exchanged and discussed on promoting the launching of projects, broadening the cooperation field and achieving win-win development.

Zhou Fangchao, vice president of Global New Material International, Pang Housheng, financial director of Guidong Electric Power, Lu Peijun, secretary of the board of directors and other leaders attended the seminar.

At the seminar, Board Chairman Su Ertian expressed his heartfelt gratitude to Guidong Electric Power for its warm reception and long-standing support to the company, and gave a comprehensive report to Guidong Electric Power on the work carried out by the company since 2021. He pointed out that Guidong Electric Power, as the main force and bellwether of Hezhou’s high-quality development, has a growing industrial base and strong growth momentum, showing unprecedented development vitality. In this sense, this seminar has laid a solid foundation for both sides to further strengthen cooperation. It is hoped that both sides will seize the opportunity presented by this seminar to deliver mutual benefits and win-win cooperation. Under the influence of the volatile market landscape, Global New Material International will continue to promote technological innovation, follow the new pace of national strategy to seek to be the first, expand the market, emphasize service, improve efficiency, make the brand strong. In doing so, more benefits will be  continuously offered for shareholders.

Yao expressed thanks to Su Ertian for bringing a team to visit Guidong Electric Power this time. Moving forward, he said that Guidong Electric Power, as the second largest shareholder of Global New Material International, holds great optimistic views on the development, and both sides should continue to maintain a good strategic cooperation relationship. Guidong Electric Power will support the strategic layout of Global New Material International, and strengthen strategic cooperation with the company in the fields of energy saving and emission reduction, project investment, etc. As a result, mutual benefits and a win-win result will jointly promote the high-quality development of both sides.

Note: Established in December 1998 and listed in Shanghai, Guangxi Guidong Electric Power Co., Ltd. abbreviated as Guidong Electric Power (securities code 600310) is a state-controlled large hydropower enterprise and the second largest shareholder of Global New Material International ( CHESIR ).