CFHI Signed the Strategic Cooperative Agreement with Bank of Communication

At 11:00 a.m. of 14^th of October, CFHI signed the strategic Cooperative Agreement with Bank of Communication in CFHI Business Hotel. Bank of Communication has already provided CFHI with 2.57 billion RMB comprehensive credit-granting quotas. Based on the principle of long-term stability, equality and mutual benefit, overall cooperation and common development, and a two-goal win achievement, the agreement stipulates that the two parties will actively exploit various kinds of financial businesses and develop the relationship between the two parties to be a strategic partnership with long-term practice, high efficiency and good faith, in order to evolve further cooperation and to pursue common development.

CFHI s general manager Wu Shengfu and Bank of Communication s deputy president Wang Bin presented the signing rituals and addressed respectively. CFHI s deputy secretary of the Party Committee Li Ziling presided over the rituals.

CFHI s chief accountant Wu Xiaogen and Bank of Communication s company department general manager Fang Jianhua signed in the Strategic Cooperation Agreement respectively.

Based on this agreement signed by the two parties, Bank of Communication has provided CFHI with 2.57 billion RMB comprehensive credits and further expends the cooperation space and cooperative fields. Bank of Communication will especially support CFHI to accelerate the construction of casting and forging steel base, heavy pressure vessel exporting seaport base, big-scale complete equipment manufacturing base, and impel enterprise s expansion the complete equipment and high-tech products export and international project contracting, overseas investment, and assist the enterprise to import important resources and key technology and equipment.

The cooperative fields include credit business, settlement business, cash management, foreign exchange business, supply link financial service, investment bank, financing business, personal service, and other business. By these means, CFHI will further consolidate and strengthen the status and influence among the national heavy equipment manufacture industry.