On December 9, Zhiyong Zhou, the deputy general manager of China Commercial Foreign Trade (Singapore) Pte. Ltd. (CCFT Singapore), Sicong Wang, the deputy general manager of Junzhi Capital Management Co., Ltd. (Junzhi Capital), and Lei Tian of the Group’s Enterprise Development Department were invited to visit Nantong Kaisheng Grain and Oil Co., Ltd. ( Nantong Kaisheng) for investigation.

Zhang Yi, the chairman of Nantong Kaisheng, met with manager Zhou and his party in the company conference room. Chairman Zhang first extended a warm welcome to manager Zhou and his party, and introduced the specific situation of Nantong Kaisheng in detail. The company was established in May 2014 and is located in Nantong Economic and Technological Development Zone. It has 80,000 tons of edible oil transfer storage tanks and a 600-ton automatic refining production line. It has become our country´s largest rapeseed oil transfer and distribution center.

Manager Zhou introduced the group company to Chairman Zhang, and expressed his gratitude to Nantong Kaisheng for its strong support to China Commercial Singapore over the years, and fully affirmed the close cooperation between the two parties. Manager Wang conducted in-depth communication with Chairman Zhang on Junzhi Capital and other related businesses of the group company, and the two parties reached a preliminary cooperation intention.

After this inspection, the two parties have deepened their understanding of each other and reached a consensus on the extension and expansion of business cooperation related to oils and fats, laying a good foundation for further in-depth cooperation in the future.