Zhejiang University Signs An Agreement of Cooperation with China Resources (Holdings) Co. Ltd.

June 22, 2010

On the afternoon of June 21, Zhejiang University and China Resources (Holdings) Co. Ltd. signed an agreement on strategic cooperation framework. Governor of Zhejiang Province Lv Zushan attended the signing ceremony and delivered a speech. Zhejiang University Chancellor Zhang Xi and Chairman of CRC Mr. Song Lin made addresses on behalf of each side. Zhejiang University President Yang Wei presented Letter of Appointment and university badge to Mr. Song Lin.

Governor Lv Zushan congratulated on the signing of the agreement and acknowledged CRC s contribution to the development of Zhejiang Province. China Resources Corporation is one of China s fastest-growing and most dynamic state-owned enterprises, while Zhejiang University is one of the most prestigious universities with a large number of innovative talents. The cooperation between the two is meant to build a joint research platform to give full play to their strengths, to carry out a full range of strategic cooperation, and to promote economic restructuring and development of Zhejiang Province.

Rooted in Hong Kong for over a half century, China Resources has been committed to fostering a better future by observing the proactive and human-oriented ideal. China Resources' businesses touch every facet of people's lives. Its core businesses cover retail, power, breweries, real estate, food, medicine, textiles, chemical products, gas, compressor etc.

According to the agreement, the two sides will carry out extensive and intensive cooperation in green energy, new material, pharmaceutical research and development, financial services and so on. CRC will set up special educational foundation at Zhejiang University to support various cooperative projects. Meanwhile, the two sides will also set up a research and development platform.