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INFORMATION UPDATE

The Modern Wharf Is Ceremonially Opened for Trial Operation

 2009-12-02 


On the morning of Nov 30, in the front of the Modern Wharf are crowded with joyful people, a simple but solemn wharf opening ceremony is held here, and as the huge portal crane hoists the first package of goods up from the “Hongxiang No. 5” freighter after the Modern Wharf is opened for operation, both the formal wharf-opening trial operation and the Modern Wharf’s start of a magnificent growth journey are signified.

 

At 11 a.m. on the same day, the “Modern Wharf Opening Ceremony” is ceremonially held, all the members of the boards of directors and supervisors of the Modern Wharf Co., Ltd and the consignors’ representatives attend the ceremony, Mr. Liu Wenhong, Assistant to President of the group company and concurrently Director of the Modern Wharf Co., Ltd, and other directors together perform the ribbon-cutting ceremony for the formal wharf-opening trial operation of the Modern Wharf. 


Liu Xinping, General Manager of the Modern Wharf Co., Ltd. gives an address at the wharf opening ceremony. He expresses that the wharf opening is only the first step the Modern Wharf takes, facing the new starting point and the new journey, the leadership of Modern Wharf Co., Ltd will as always work with increasing efforts according to the Board of Directors’ established requirements, with the next-step objective of close orientation towards the market and expansion of business by every possible means, boost the corporate business performance, to enable the shareholders to gain repayments for their investments as soon as possible.


Xiamen Modern Wharf Co., Ltd was established in 2005, with the registered capital of 266.68 million yuan, and in 2009 had its capital and stock increased, with the registered capital being increased to 355.58 million yuan. The company is formed by Xiamen Xiangyu Group Corporation, Xiamen C&D Inc and Zijin Mining Group (Xiamen) Investment Co., Ltd through their 37.5%, 37.5% and 25% contributions respectively. 

 

Strategic Cooperation between Agricultural Bank of China and Zijin Mining Embarks on a New Starting Point – Both Parties Sign Cash Management Service Agreement


Nov 9, Agricultural Bank of China Co., Ltd and Zijin Mining Group Co., Ltd sign a cash management service agreement. This signifies that the overall funds management service provided by Agricultural Bank of China utilizing the “Flying Cloud” cash management product for Zijin Mining Group Finance Co., Ltd is being opened, and the strategic cooperation between Agricultural Bank of China and Zijin Mining gets to a new starting point.


Pan Gongsheng points out that Zijin Mining has rapidly developed into the most promising and most competitive mining company in China through its innovations in the respects of technology, system and management etc, and entered into the list of the global 500 top enterprises. Over a long period of time, Agricultural Bank of China and Zijin Mining Group Co., Ltd have formed a win-win phase of mutual support and hand-in-hand joint progress through an increasingly deepening cooperation. In this September, Zijin Mining Group Finance Co., Ltd was formally founded, and it is the first financial company in Fujian Province. Today, both the parties jointly sign the Cash Management Service Agreement again, which is an important measure of Agricultural Bank of China for deepening the strategic partnership with Zijin Mining Group and serving Zijin Mining Group in its stride towards the goal of “Hi-tech Efficient Super-large International Mining Group”, conforms with the long-term development strategy direction of both parties, and is a win-win action. This signifies that the strategic cooperation between Agricultural Bank of China and Zijin Mining Group enters into a new phase. Pan Gongsheng says that both the parties sign the cash management services agreement today, this is a significant manifestation of both parties’ good-faith partnership and concerted exertion for a long period of time, also is the new starting point for both parties deepening their cooperation and together seeking for a new round of development, and will surely provide a new technical means and platform for Zijin Mining Group Co., Ltd to further improve its financial management system, enhance its financing and funds management level, strengthen its risk prevention and control capabilities, and boost the group’s overall strength, likewise will provide new opportunities for Agricultural Bank of China to enhance its level of cash management service for large-scale transnational groups.

 

Luo Yingnan, President of Zijin Mining Group Co., Ltd makes a speech at the signing ceremony. He at first expresses the gratitude for Agricultural Bank of China’s support of and confidence in Zijin Mining over a long period of time. Luo Yingnan points out that in May 2008, the Strategic Cooperation Agreement signed by Agricultural Bank of China and Zijin Mining in Beijing has further deepened strategic cooperation between the two parties, and Zijin Mining has acquired Agricultural Bank of China’s high-quality services in financing, cash management, foreign exchange and other various respects. The Cash Management Services Agreement signed today is a deepening of the strategic cooperation agreement, and Zijin Mining Group Finance Company will achieve a greater development thanks to the high-quality services provided by Agricultural Bank of China in respect of funds safety, liquidity, financing, balancing business, information etc.


Chen Xianming, President of the Fujian Province branch of Agricultural Bank of China gives an address at the signing ceremony. He introduces the background of signing this cash management services agreement and the main contents of the agreement. Chen Xianming expresses that, after the agreement is signed, they will seriously comply with the related provisions, strengthen the coordination and management, to provide high-quality and convenient cash management services for Zijin Mining Group Co., Ltd.

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