On July 5th, Li Wei, the Secretary of the CPC Shandong Energy Committee and Chairman of SDE, visited CRRC, CITIC Securities, and China Cinda to discuss the green and low-carbon transformation path under the "Dual Carbon" goal. Through deep integration of markets and capital, the aim is to promote the high-quality development of traditional industries and strategic emerging industries.

During the visit to CRRC, Li Wei met with Sun Yongcai, the Secretary of the CPC CRRC Committee and Chairman of CRRC. Li Wei expressed gratitude for CRRC's long-standing support to Shandong Energy and highly praised the influential position of CRRC as a national name-card company. Li Wei also provided an overview of Shandong Energy's development history and the progress of its six major core businesses.

Li Wei emphasized that CRRC and Shandong Energy have a solid foundation and vast opportunities for cooperation. He hoped that CRRC would continue supporting the development of Shandong Energy's Light Alloy Company. Li Wei expressed the expectation for both parties to enhance cooperation in areas such as capital operations, new materials, international business, and new energy equipment manufacturing, ultimately achieving mutual benefits, win-win outcomes, and shared development.

Sun Yongcai congratulated Shandong Energy on its recent accomplishments and praised it as an excellent partner and friend to CRRC. He also presented an outline CRRC's development history, the strategic positioning of "one core competitiveness, two businesses, first-class," the business layout of "one core competitiveness, three development poles, multiple operations," and the progress made in strategic emerging industries. Sun Yongcai expressed the hope that both parties would seize this cooperation opportunity to deepen collaboration in fields such as railway transportation equipment, capital operations, centralized procurement, clean energy power generation, and technological innovation. The goal is to create a new development highland and empower high-quality development.

At the signing ceremony, Ru Gang, Vice General Manager and Chief Auditor of Shandong Energy, and Yu Weiping, Vice President of CRRC, signed the strategic cooperation framework agreement on behalf of the two parties. According to the agreement, the two parties will conduct comprehensive cooperation in capital mixed reform, market reciprocity, and new energy cooperation.

 Wang Jian, Secretary of the Board of Directors of CRRC and Head of the Finance and Capital Operation Department, participated in the event.

In CITIC Securities, Li Wei visited Zhang Youjun, Party Secretary of and Chairman of CITIC Securities.

Li Wei said that CITIC Securities, as a leading domestic and world-class Chinese investment bank, cooperates closely with Shandong Energy and its listed companies. At present, Shandong Energy is focusing on its main business and the "Dual Carbon" goal, giving full play to the advantages of capital market and internationalization, making best of the existing stocks and improving the quality of assets. It is hoped that CITIC Securities will play out its advantages as a leading broker, involve in the leading industry of Shandong Energy, render more support to Shandong Energy in bonds product innovation and structural optimization, and provide better financial services.

Zhang Youjun thanked SDE for its trust and support to CITIC Securities. He further commented that SDE enjoys a broad development prospect, and CITIC Securities will further tap its advantages in providing comprehensive services in the capital market as to better serve SDE and implement the strategic cooperation, continuously optimize financial supply service and make greater contributions to the high-quality development of SDE.

Ma Yao, Member of the Executive Committee, and Director of the Investment Bank Management Committee under CITIC Securities, participated in the event.

At China Cinda, Li Wei visited Zhang Weidong, the Secretary of the CPC China Cinda Committee and Chairman of China Cinda.

Li Wei said that China Cinda ranks top nationwide in financial risk management. For long, China Cinda has maintained close cooperation with SDE and contributed positively to the high-quality development of SDE. It is hoped that China Cinda remains a solid business partner to SDE and offers much bigger supports to SDE regarding asset revitalization, policy guidance, marketization, overseas business and others, and further promotes strategic cooperation to achieve greater results.

Zhang Weidong commented that he was impressed by the business scale and development quality of SDE. He said, China Cinda is rooted in asset management with a special focus on prevent asset risks encountered by financial institutions and business entities in asset investment. As an important and strategic business partner for SDE, China Cinda hopes to deepen cooperation with SDE in developing emerging industries, asset disposal, overseas M&A and others in a bid to achieve win-win results for both parties.

 Ru Gang, the General Vice Manager and Chief Auditor of SDE, participated in the event.