On June 20, CR Power and Panjiang Coal and Electricity Group signed a Cooperation Framework Agreement on Coal Mine Project in Guiyang.

Witnessed by Mr. Shi Baofeng, President of CR Power, and Mr. Lan Haiping, Vice Chairman and General Manager of Panjiang Coal and Electricity Group, Mr. Hou Yongjie, Vice President of CR Power and General Manager of the CR Power South China Region, and Mr. Xu Jianguo, Chief Economist of Panjiang Coal and Electricity Group signed on behalf of both parties at the signing ceremony.

President Shi Baofeng expressed his gratitude on behalf of CR Power to Panjiang Coal and Electricity Group of Guizhou Province for their strong support of CR's development in Guizhou. He noted that Panjiang Coal and Electricity Group is a large state-owned enterprise in Guizhou Province and the largest coal enterprise in the south of the Yangtze River in China. Panjiang Coal and Electricity Group has been actively practicing the new development concept, which has many strategic fitting points with CR Power. He placed great expectations that both parties, taking this signing as the starting point, would comprehensively promote the cooperation of coal mine projects in Guizhou Province, and give full play to their advantages to realize complementary advantages and common development, which will accelerate the integration and restructuring of energy and economic development in Guizhou, and achieve win-win cooperation in a larger field.

On behalf of Panjiang Coal and Electricity Group, Mr. Lan Haiping expressed his gratitude to CR Power for its long-term support and assistance. According to secretary Mr. Lan, China Resources Group had always been with the motherland through thick and thin, and shared the fate of the times, with a strong red gene and an abundant comprehensive strength. CR Power is one of the most efficient and profitable comprehensive energy enterprises in China. Promoting cooperation on coal mine projects with CR Power is a pragmatic move to strengthen Guizhou's energy industry. He believed that by signing the Framework Agreement, both parties would open a deeper and higher level of cooperation to achieve better mutual benefit, win-win results, and common development.

Members of the leadership team of Panjiang Group, Deputy General Manager of CR Power South China Region, General Manager of Yungui Company, and management team of Yungui Company attended the signing ceremony.