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Mr. Li Xiyong and Mr. Man Shengang visit CHN Energy

    On 11 August 2020, Mr. Li Xiyong, Chairman of Shandong Energy Group(“Shandong Energy” or “the Group”)and Secretary of CPC Shandong Energy Committee, Mr. Man Shengang, General Manager of the Group, Deputy Secretary of CPC Shandong Energy Committee and Director of the Board, visited China Energy Investment Corporation (China Energy or CHN Energy). Mr. Wang Xiangxi, Chairman of CHN Energy and Secretary of CPCCHN Energy Committee, met with Li Xiyong and the team and made in-depth exchanges on further strategic cooperation.

Mr. Li introduced the reform and development of (New) Shandong Energy briefly since the merger of the former Yankuang Group and the Shandong Energy. He said that the Group, following the decisions and arrangements of Shandong Provincial Party Committee and government, implements President Xis important instructions in relation to Shandong, deepens reform and restructure, envisages challenges and difficulties on transformation and energy structural change to promote all aspects of work. He hopes both parties continue to expand partnership, strengthen collaboration in coal mining and international development and thus make new achievements that benefit each other.

Mr. Wang welcomed Chairman Li and the team, and introduced the developments of CHN Energy. He said that CHN Energy carries out the new energy security strategy of Four Revolutions and One Cooperation via formulation and implement its own enterprise development strategy. Since the beginning of this year, CHN Energy has overcome the impact of the COVID-19 epidemic and maintained a stable and sound overall momentum of production and operation. At present, CHN Energy is working out its own 14th Five-year Plan, focusing on adjusting the industrial structure and accelerating the pace of transformation and upgrading. He hoped that, on the basis of existing cooperation, both parties deepen the cooperation in the fields of intelligent mines, technological innovation, international business expansion ect., so as to jointly achieve high-quality growth.

Mr. Zhang Baocai, member of CPC Shandong Energy Standing Committee and Vice General Manager of the Group, Mr. Gao Song, member of CPC CHN Energy Standing Committee and Vice General Manager CHN Energy, attended the meeting.