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On 16^thOctober, CWPC and CCCC Tianjin Dredging Co., Ltd (hereinafter referred to as ‘Tianjin Dredging’) signed a strategic cooperation agreement at the Tianjin Dredging Building: Xu Bi, deputy general manager of Tianjin Dredging's overseas branch, and Li Zhongyuan, vice president of CWPC, signed the agreement on behalf of their respective companies. Li Xiuping, Secretary of the Party Committee and General Manager of the Tianjin Branch of SINOSURE, Zhong Wenwei, Secretary of the Party Committee and Chairman of Tianjin Port Construction, Qin Bin, Deputy General Manager and Chief Engineer of Tianjin Port Construction, CWPC’s Chairman Li Renchao, and Lu Xubo, General Manager of China Region of Uzbekistan Hyper Group, attended the signing ceremony and had a discussion on deepening strategic cooperation.

At the conference, Zhong Wenwei, Secretary of the Party Committee and Chairman of Tianjin Dredging, extended a warm welcome to CWPC and the other guests. He first introduced the business development strategy and overseas development direction of Tianjin Dredging, as well as its business dealings with Sinosure and its expectations for future cooperation between the parties. He said that the development of new energy business is not only the top priority of Tianjin Dredging's future strategic planning, but also the main direction of development for overseas strategic emerging industries in the future. Tianjin Dredging will actively implement the national ‘The Belt and Road’ development strategy, adhere to the priority development of overseas markets, and continue to increase business expansion and market development in more and more countries along the ‘The Belt and Road’. He especially thanked Sinosure for its long-term and unwavering support for Tianjin Dredging, which has provided a strong guarantee for its business model innovation in overseas financing-related businesses. He hopes that CWPC and Hyper Group can join with Tianjin Dredging to explore new energy projects in Central Asia.

Li Renchao, Secretary of the Party Committee and Chairman of CWPC, spoke highly of the strong capabilities and broad development prospects of CCCC Tianjin Dredging. CWPC is taking advantage of new energy sources to accelerate the formation of new productive forces. With its rich experience and capabilities in equipment manufacturing, waste-to-energy, biomass power generation, and engineering contracting, the company is accelerating its development in the new energy sector and actively expanding its new energy and materials industries. we are looking forward to in-depth cooperation with Tianjin Maritime Safety Administration. It will give full play to its industry advantages and leverage its successful experience in building, investing in and operating multiple overseas projects in more than 50 countries around the world to provide strong support for new energy projects in Central Asia and achieve fruitful results in multiple dimensions such as overseas market development and project implementation, jointly writing a new chapter in cooperation in the new energy field and contributing to the prosperity and development of the industry. At the same time, CWPC will join hands with multiple parties to create a better future. Taking new projects as an opportunity, it will adhere to the principle of ‘innovation, collaboration, and win-win’ to expand international cooperation, achieve common development, and create a better future.

Li Xiuping, Secretary of the Party Committee and General Manager of Sinosure Tianjin Branch, affirmed the industry-leading positions of Tianjin Aviation Bureau, CWPC, and Hyper Group, and hoped that the three parties would join forces. As a leading domestic insurance service provider, Sinosure has made remarkable achievements in risk protection and credit insurance. It will build a multi-party cooperation platform for the project in terms of the ‘going global’ strategy, and provide policy and financial support and services for this cooperation projects.

After the signing ceremony, the parties held in-depth discussions and exchanges on comprehensively deepening strategic cooperation. They discussed in depth topics such as the current economic situation, industry development trends, and specific projects for multi-party cooperation, and reached a number of consensuses. All parties agreed to give full play to their respective professional advantages and specialties, strengthen resource sharing and complementary advantages, and jointly promote the orderly progress of projects.

During the visit, the senior management team also visited the century-old Tianjin Maritime Exhibition Hall and exchanged views on the participation of CMTC in national key projects and overseas projects. The visit not only gave the senior management team a deeper understanding of CMTC's glorious history and outstanding achievements, but also instilled more confidence and motivation for future cooperation in the field of new energy. The parties look forward to jointly creating new glories in new energy projects in Central Asia and contributing to the promotion of regional economic development and energy transformation.