Shenzhen SOEs and CIMC Hold the First Collaborative Partnering Meeting

On March 17th, the first collaborative partnering meeting between state-owned enterprises in Shenzhen and enterprises affiliated to CIMC was held in the Fuyong base of CIMC Tianda Holdings in Shenzhen. This partnering meeting focuses on the business cooperation among CIMC Tianda Holdings Co., Ltd. (hereinafter referred to as "CIMC Tianda Holdings"), CIMC IOT Technology Co., Ltd. (hereinafter referred to as "CIMC IOT") and the state-owned enterprises in Shenzhen.

Shenzhen state-owned enterprises attended the meeting discussed the ways, approaches and paths of comprehensive business cooperation and collaboration based on the advantages and development directions of the two enterprises under CIMC. All participants strive to give full play to the synergistic role of state-owned enterprises in Shenzhen, so as to promote CIMC and its affiliated enterprises and state-owned enterprises in Shenzhen to realize strong alliance, resource complementarity and mutual benefit and win-win results.

It was the first coordinated partnering meeting between the two sides since Shenzhen Capital completed the share acquisition process and officially became the largest shareholder of CIMC in mid-December last year. This also marks the beginning of the series of collaborative partnering meetings between the two sides. Meanwhile, it shows that the collaborative planning of Shenzhen state-owned enterprises and CIMC is gradually being implemented.

Qiu Jianming, secondary inspector of Shenzhen SASAC, Chi Hongyan, division head of Strategic Development Research Office, Zhu Zhiqiang, General Manager of Shenzhen Capital Holdings, Gao Xiang, President of CIMC, and relevant responsible persons from Shenzhen Investment Holdings, Shenzhen Metro Group, Shenzhen Airport Group, Yantian Port Group, Shenzhen Bus Group, Shenzhen Special Zone Construction and Development Group, Shenzhen International Holdings Limited, Shenzhen Eastern Bus and other municipal key state-owned enterprises attended the partnering meeting.

At the meeting, the leaders of Shenzhen state-owned enterprises introduced their business lines and development directions one by one, as well as the list of business cooperation and potential business cooperation with CIMC Tianda Holdings and CIMC IOT, which had been arranged in advance. Heads of relevant state-owned enterprises attending the meeting spoke highly of the achievements made by CIMC Tianda Holdings and CIMC IOT and expressed their willingness to strengthen and expand cooperation with relevant enterprises of CIMC.

With Shenzhen Capital becoming the largest shareholder of CIMC on behalf of Shenzhen state-owned assets, CIMC's world-champion products such as marine engineering equipment and airport equipment as well as its excellent manufacturing genes can perfect and strengthen the strategic layout of Shenzhen state-owned assets in the marine economic development and advanced manufacturing field. At the same time, this will also inject a strong impetus for Shenzhen to build itself into a global marine center city, which will strongly support the development of Shenzhen's state-owned assets.

According to Qiu Jianming, in addition to strategic layout considerations, there is also a lot of room for specific business cooperation among Shenzhen state assets, Shenzhen state-owned enterprises and CIMC. It is hoped that more such collaborative partnering meetings will be held in the future, so that state-owned enterprises in Shenzhen and enterprises affiliated to CIMC can fully understand and engage with their respective advantageous businesses and development directions, and cooperate with each other for mutual benefit and win-win results.

It is understood that this meeting is a specific measure taken by Shenzhen Capital to promote the implementation of the cooperation among CIMC and municipal state-owned assets and state-owned enterprises, and is also the beginning of the series of coordinative partnering meetings of "municipal state-owned assets cooperating with CIMC". In the future, Shenzhen Capital and CIMC will organize collaborative and partnering activities for enterprises affiliated to CIMC and municipal state-owned enterprises according to different business segments and different business needs.