On the afternoon of March 20th, SIG and the Shanghai Branch of Construction Bank of China（CBC）signed a strategic cooperative agreement regarding intentional line of credit worth RMB 28 billion. Mr. Shen Jun, Chairman of SIG, Mr. Duan Chaoliang, head of the Shanghai Branch of CBC attended the signing ceremony. Mr. Fu Fan, Vice President of SIG, and Mr. Xu Zhonghua, Deputy Head of the Shanghai Branch of CBC signed on the agreement on behalf of each of the two parties.

On the signing ceremony, Mr. Shen Jun and Mr. Duan Chaoliang respectively delivered speeches, in which both parties expressed expectations for long-term cooperation, hoping for win-win situation by pooling together the two parties` advantages, jointly making greater contributions for Shanghai to become the front-runner of reform and innovative development nationwide.

According to the agreement, both parties will conduct further cooperation in areas like credit facility, reform on SOAs and SOEs, development of Shanghai to become a Sci-tech Innovation Center, overseas investment business, comprehensive finance so as to build up long-term strategic partnership. CBC Shanghai Branch will exploit its strengths in capital and information, providing all-around support in comprehensive financial services, investment banking, cash management, etc., helping SIG to accelerate its development as a professional and market-oriented state-owned capital operation platform with its Twin-wheelStrategy as the core. Meanwhile, SIG`s reform and innovation drive will facilitate the CBC Shanghai Branch to further expand comprehensive financial service business so as to more closely integrate with the overall plan of Shanghai`s socio-economic development. After the signing, the State-owned Assets Operation Corp., Ltd.,(SSAO) a subsidiary of SIG, also signed agreement with the CBC Shanghai Branch.

Mr. Gu Jianzhong, Vice President of SIG, Mrs. Liu Ying, SIG Chief Investment Officer, Mrs. Ma Haiyan, Chairwoman of SIG Labor Union, heads of departments of SIG and SSAO and various executives of the CBC Shanghai Branch took part in the signing ceremony.