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Mr. Man Shengang Met with Baosteel Guests

On 2 September, Mr. Man Shengang, General Manager and Deputy Secretary of CPC of Shandong Energy Group (“Shandong Energy” or “the Group”), met with Mr. Sheng Genghong, General Manager of Baoshan Iron & Steel Co. LTD and his party. The two parties exchanged views on further deepening cooperation.

Mr. Man Shengang showed his welcome to Baosteel guests. He said that as upstream and downstream partners for several years, Shandong Energy and Baosteel have converged in direction, goals and benefits, and formed a community of interests and destiny. The new Shandong Energy Group has much clearer industrial development ideas and more reasonable industrial layout. Baowu Group (the parent company of Baosteel) is the world's largest steel company. Shandong Energy would provide Baowu Group with better products to consolidate the foundation of cooperation over the years. He hoped that both parties could deepen cooperation in intelligent mining, intelligent management, and high-end manufacturing to achieve a win-win situation.

Mr. Sheng Genghong introduced the recent development of Baowu Group. He said that Shandong Energy is a leading coking coal producer in China, enjoys significant resource advantages and promising prospects. He hoped that on the basis of existing cooperation, the two parties can actively strengthen exchanges and expand cooperation in deepening levels and innovate models in finance, new energy, data management, and material supply, so as to promote the high-quality development of both groups.

Mr. Liu Chenglu, Senior Advisor of Shandong Energy and Mr. Ji Chao, the General Manager Assistant of Baowu Iron & Steel Group attended the meeting.