On August 24, 2020, Wang Tongzhou, Chairman of the Board of Directors of the Company and Chairman of the Holding Group, met with Cao Jianguo, Chairman of the Board of Directors and Secretary of the Secretary of the Leading Party Members' Group of Aero Engine Corporation of China (AECC), who was visiting the Company, at its headquarters in Beijing. The two sides had an in-depth conversation on further strengthening cooperation, strengthening complementary advantages and deepening pragmatic cooperation, and witnessed the signing of the strategic cooperation agreement between the two sides together.

Site of Signing Ceremony

During the meeting, Chairman Wang Tongzhou firstly expressed his warm welcome to Chairman Cao Jianguo and his party and his heartfelt thanks to AECC for its long-term support to CNMC, and introduced the general situation of reform and development of CNMC. He said that CNMC has a full industrial chain of non-ferrous metals, mainly copper, and has unique professional advantages in the field of R&D and production of rare metal materials. AECC has built several key laboratories and innovation centers for national defense science and technology, with strong scientific research and production capacities, as well as more complete R&D and manufacturing systems as well as test and inspection capabilities for military and civil aviation engines and gas turbines. The two sides have a strong complementarity in industry, a solid foundation for cooperation and broad prospects. It is hoped that both sides will take this strategic cooperation as an opportunity to further develop in-depth practical cooperation in new materials research and development, new materials supporting facilities, industrial capital, resource sharing, etc., and jointly build a world class enterprise with global competitiveness.

Meeting Site

Chairman Cao Jianguo expressed his gratitude to Chairman Wang Tongzhou for his warm reception and introduced the reform and development of AECC in recent years. He said that AECC has actively built a research and production system characteristic of "small core, large collaboration, professionalism and openness". CNMC, as one of the first enterprises in China's non-ferrous metals industry to "go global", is known for a long history, an important status, significant contributions and fruitful achievements, high degree of internationalization, strong market development abilities, and strong comprehensive strength and influences. It is hoped that both sides will give full play to their respective advantages and carry out practical cooperation in the fields of new materials research, development, scientific and technological innovation, so as to achieve mutual benefits, win-win situation and common development.

Visiting the Exhibition Hall

Before the meeting, Chairman Cao Jianguo and his party also visited the exhibition hall of CNMC, accompanied by Chairman Wang Tongzhou. Persons in charge of relevant departments at CNMC headquarters, and persons in charge of relevant departments and relevant enterprises at AECC headquarters attended the signing ceremony.