On October 20th, Inner Mongolia Xinhe Resource Investment Group and Hebei Huadian Caofeidian Storage and Transportation Co., Ltd. officially reached a strategic cooperation agreement on cooperation matters. It is expected that by October 2022, Xinhe Resource Investment Group will ship 3 million tons of coal to Huadian Terminal.

Wang Jianfeng, Secretary of the Party Committee and Chairman of Hebei Huadian Caofeidian Storage and Transportation Co., Ltd., Li Ning, Deputy Director of Market Business Department, visited Xinhe Group. Chen Bo, Chairman of the Group, Wang Jinguo, Vice President, Su Feiyun, General Manager of Xinhe Coal Co., Ltd., and Li Kui, General Manager of Xinhe Logistics Co., Ltd. attended the negotiations.

At the negotiation meeting, Chairman Chen Bo of the group first warmly welcomed the visit of Chairman Wang Jianfeng and his delegation from Hebei Huadian Caofeidian Storage and Transportation Co., Ltd., and introduced the current business situation of the group's berthing and loading at various ports in Qinhuangdao and Caofeidian to Chairman Wang Jianfeng. Chairman Chen mentioned that our company relies on abundant local coal resources and has the advantage of linking various stations and providing a complete range of coal types. We can achieve multiple coal blending plans and maintain stable energy supply.

  Wang Jianfeng, Chairman of Hebei Huadian Caofeidian Storage and Transportation Co., Ltd., introduced the company's current service preferential policies for coal shipments to the port, especially mentioning the "quasi liner" transportation mode. The "quasi liner" transportation model is a pioneering platform for bulk transportation led by the shipping port, destination port, cargo owner, and shipowner. It greatly improves the customer transportation experience and brings a groundbreaking attempt to the bulk transportation industry, which is the "point-to-point" service work. Chairman Chen Bo agrees with this and highly praises Chairman Wang Jianfeng's "four guarantees, one increase, one accuracy, and one decrease".

Both parties discussed specific cooperation matters and reached a consensus on cooperation. After the negotiation meeting, both parties signed a strategic cooperation agreement. Faced with the current requirements of the National Development and Reform Commission for ensuring people's livelihood and supply, our company has reached agreements with various ports in Qinhuangdao and Caofeidian to provide "priority berthing" services around mutual assurance of shipping volume to the port. Based on market demand, we will strive to improve the coal, iron, and water intermodal transportation capacity as much as possible, and strive to outperform the market in terms of shipping schedule and efficiency, highlighting our company's focus on serving customers and shaping a new brand that creates value together with them.

In the future, both sides will further deepen cooperation on the basis of existing cooperation, integrate their advantageous resources, fully leverage their advantages, promote industry expansion, industry aggregation, innovation and entrepreneurship, and other cooperation in various aspects, build core capabilities, promote business development of both sides, and achieve mutual benefit and win-win results.