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Chairman Frank Ning Went to Investigate Partial Enterprises Subordinate to Sinochem Group in Shanghai and Attended Founding Ceremony of China Cosco Shipping Corporation Limited

Date:2016-02-19 Source:Sinochem Group

On February 17-19, Frank Ning, Chairman of Sinochem Group went to investigate partial enterprises subordinate to Sinochem Group, including Sinochem International Corporation, Far East Horizon Ltd. and China Jinmao Holdings Group Ltd, and visit the front-line employees. During this period, Mr. Ning attended the founding ceremony of China Cosco Shipping Corporation Limited and witnessed the strategic cooperation agreement between Sinochem International Corporation and New COSCO Container Lines Co., Ltd.. Zhang Zenggen, Assistant President of Sinochem Group and Chairman of Sinochem International Corporation and Kong Fanxing, General Manager of Far East Horizon Ltd. attended some of these activities.


On February 17, Mr. Ning and his companions came to investigate the headquarters of Sinochem International Corporation and sent his New Year's greetings to the employees. After listening to the introduction to the entire development of the company, Mr. Ning encouraged the management team of Sinochem International Corporation to continue making innovations and reaching achievements. For the future development of the enterprise, Mr. Ning indicated that the transformation was lofty but there were challenges. As long as Sinochem International Corporation realized the problems and made cultural cultivation in the new industry, it could succeed. Sinochem Group would continue to provide support for the development of the enterprises. Mr. Ning also required the company to provide good platforms for employees so as to boost mutual growth of the enterprises and employees.


On February 18, Mr. Ning and his companions came to the office area of the headquarters of Far East Horizon Ltd. to visit the employees and communicated with the management team of the company. After listening to the work report of Far East Horizon Ltd., he indicated that for over ten years, Far East Horizon Ltd., as an entrepreneurial company, experienced various challenges and innovation and then developed from zero to prosperity; its achievements were worth praising and experience worth learning from. Mr. Ning expressed that although competition in the leasing industry was increasing heated, yet the economic foundation in China was sill solid and had development potentials; Far East Horizon Ltd. sought for transformation under the current situation, showing its foresight and responsibility; however, it should also gather its resources to walk on the professional road and realize a balance between management and control in finance and industry and become more prosperous. Mr. Ning finally emphasized that as a stockholder of Far East Horizon Ltd., Sinochem would continue to support the development of Far East Horizon Ltd.


On February 19, Mr. Ning and his companions came to the office area of Jinmao Commerce and Jinmao Hotel, customer center and shipping center of the Star Bund project and also Daning Jinmao House project to visit the employees, communicated with them and took photos. After listening to the development situation of Jinmao Group, Mr. Ning showed that real estate industry had huge development potential in the future and Sinochem Group would further strengthen its support to Jinmao Group. For the future development of Jinmao Group, Mr. Ning proposed four requirements: first of all, stick to the road of marketization, strengthen reform of system and mechanism, actively explore the incentive mechanism and better engage in market competition; second, stick to the professional road, be more clear in product location, focus on core products and continue to make high-quality and fine products; third, stick to the brand road, create brand, gather resources and produce premium; fourth, strengthen the ability to select cities with development potential to invest.


During investigation in Shanghai, Chairman Ning was invited to attend the founding ceremony of China Cosco Shipping Corporation Limited and cooperation communication meeting held in Shanghai on February 18; he and Chairman Xu Lirong of China Cosco Shipping Corporation Limited looked back on the series of results attained in their long-term cooperation and had great confidence and expectation of their future deep cooperation. Under the joint witness of Chairman Frank Ning and Chairman Xu Lirong, Sinochem International Corporation and New Cosco Container Lines Co., Ltd signed the strategic cooperation framework agreement on the spot. This agreement further strengthened the strategic cooperation between the owners of cargo and shipping enterprises and strengthened the relations between the upstream and downstream of the supply chain, which was of great significance to reduce the logistical cost of enterprises and improve operation efficiency.