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Guo Wenqing Meets with Zheng Gaoqing, President of Jiangxi Copper

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On June 16, Guo Wenqing, China Minmetals' President and Deputy Party Group Secretary and MCC Chairman, met with Zheng Gaoqing, President and Party Secretary of Jiangxi Copper Corporation Limited ("Jiangxi Copper") together with his delegation. They had extensive exchanges on deepening cooperation.

Guo Wenqing introduced the achievements and future plans of China Minmetals and MCC since the strategic restructuring of the two Fortune Global 500 companies. He pointed out that China Minmetals had thoroughly implemented Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, realized the strategic goal of "quadrupling in three steps" two years in advance during the 13th Five-Year Plan period (2016-2020), and optimized the business system featured by "four beams and eight columns", thus bringing ongoing restructuring effects, great achievements in dealing with dilemmas, and powerful development momentum. In 2020, China Minmetals made significantly increasing total profits and achieved the highest level of operating benefit in history as the operating revenue reached RMB 700 billion. During the 14th Five-Year Plan period (2021-2025), China Minmetals will strive to achieve the five-year development goal of "generating revenue of over RMB 1 trillion and doubling profit" with the mission of "supporting the main force with metal resources and operating the national team with metallurgy". As of May this year, China Minmetals has made steady progress, indicating the main business indicators have increased beyond expectations and the Group has entered a new stage of high-quality development.

Mr. Guo also said that China Minmetals and Jiangxi Copper have friendly partnership. Both sides have reached a consensus on strategic layout and business development, and supported each other for mutual development. As each other's important strategic partner, both sides also have in-depth cooperation in mining investment and development, mine design, engineering construction and business trade. Mr. Guo hoped that both sides would continue to adhere to the principle of complementary advantages and win-win cooperation, strengthen the top level design and further widen and deepen cooperation; expand cooperation achievements in the area of resources development at home and abroad, seek new investment opportunities for mining cooperation, discuss about diversified cooperation models, and promote a new round of high-quality cooperation.

Zheng Gaoqing thought highly of China Minmetals' strategic restructuring and agreed with Mr. Guo's proposal on cooperation. He said that in the past three years Jiangxi Copper had been focusing on the whole world and carried out a series of reforms, so as to further adjust the industrial structure and improve the industrial layout towards a bigger goal. He hoped to conduct all-around cooperation with China Minmetals in talents, technologies, design, construction, metallurgical equipment, and trade and logistics. He also paid close attention to making use of China Minmetals' international resources and talents to expand international markets together and innovate cooperation with the common mission.

Jiao Jian, Vice President and Party Group Member of China Minmetals, attended the meeting, together with Chen Yunian, Zha Kebing and Yu Zhouming from Jiangxi Copper, as well as the heads of relevant headquarter departments and directly-managed enterprises of China Minmetals, including Zhang Mengxing, Xing Yan, Xu Jiqing, Lu Zhifang, Wang Jicheng and Li Huicong.

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