On March 17, Fang Yanshui, Deputy Party Secretary and General Manager of China Machinery Engineering Group Corporation (CMEC Group), met with Tong Chao, Deputy Party Secretary and General Manager of SINOMACH Finance Co., Ltd., at the CMEC Group Building. The two sides engaged in in-depth discussions on topics such as fund management and credit cooperation. Also present at the meeting were Tian Zheng, Chief Financial Officer of CMEC Group; Lian Dehui, Deputy General Manager and Chief Financial Officer of SINOMACH Finance Co., Ltd.; and Bao Zhiwei, Assistant General Manager of SINOMACH Finance Co., Ltd.

Fang Yanshui expressed gratitude for the long-standing support provided by SINOMACH Finance Co., Ltd. to the various units of CMEC Group. He highlighted the operational and business conditions of CMEC Group and its member enterprises, emphasizing the hope for strengthened communication and deepened business cooperation to achieve shared growth.

Tong Chao thanked CMEC Group for its financial and business support, stating that CMEC Group is an important shareholder and partner of SINOMACH Finance Co., Ltd. He affirmed that SINOMACH Finance Co., Ltd. would further leverage its financial support functions to provide comprehensive financial services to facilitate the high-quality development of CMEC Group and its member enterprises.

During the meeting, the two sides conducted in-depth discussions on optimizing fund returns, centralized management, credit cooperation, and financing business collaboration, reaching a consensus on multiple areas. Both parties will actively promote follow-up actions to implement the agreed-upon initiatives.

The meeting was attended by department heads from the Financial Management Department of CMEC Group and relevant departments of SINOMACH Finance Co., Ltd.