Strategic cooperation agreement between Bank of China (BOC) and Conch Group has been signed, the ceremony of which was hold in Beijing on 22, April.

Around 20 people from BOC including the vice president, Zhang Yanling, leaders of provincial branches and functionaries from concerning departments, and 6 people from Conch Group, including the president and general manager, Guo Wensan, leaders of the Company, Zhu Zhongping, and people in charge of the concerning departments attended the ceremony.

The signing ceremony of the strategic cooperation agreement between Conch and BOC

At very beginning, on behalf of BOC, Zhang Yanling delivered a speech, saying she highly regarded Conch Group’s development strategy, which was a strategy of “Independent innovation and technology advancement”, and those achievements made by Conch Group in the journey of becoming the top one in building material industry. She also believed that Conch was worthy of the name as an environment-friendly enterprise for their consistency on the idea of “shoulder social responsibility and be an environment-friendly enterprise”.

Vice president of BOC Zhang Yanling was giving speech

Conch Group took the lead of cement industry in researching and applying the pure low temperature waste heat generation technology（WHG）, which led the international level and enjoyed independent intellectual property. This not only greatly reduced the energy consumption of cement production, but also gained a magnificent financial return. What’s more, Conch Group also made full use of the industrial waste residue during construction and production process, made trial of eliminating trash from society, and enhanced the integration with society.

Conch Group was one of the key customers of BOC. With the business expansion of Conch Group both domestically and internationally, BOC would like to provide all-rounded and global service for Conch Group by using its institution networks at home and abroad, strong local and foreign financial strength, and uniqueness within banking, which was known as a multi-business, including commercial bank, investment bank, insurance company, etc. This would bring a double-win situation to both BOC and Conch Group. BOC understood, appreciated and support the most competitive industry that Conch Group was focusing, and its strategy of becoming the giant in world cement industry. With the great efforts from the two sides, the BOC and the Conch Group's cooperation will bear fruitful results!

On behalf of Conch Group, the president Guo Wensan delivered a speech. First of all, he reviewed the cooperation history between Conch and BOC. Conch Group enjoyed a comprehensive credit of 23 billion from BOC and its three level interlock policy, which is known as an interlock linking the headquarters, provincial and municipal branches. BOC also provides standard services for Conch’s business and operation national wide, which effectively met the financial requirements of Conch’s development.

President Guo Wensan of Conch Group was giving speech

President Guo Wensan said that during the leap of Conch’s development, we devoted to converting the cement industry into a resource-saving and environment-friendly industry by the implement of promoting the recycling industry chain, the pure low temperature WHG, the trash burning, sewage treatment and other technologies. The long term strategic corporation between Conch Group and BOC would bring a win-win situation to both parties and achieve fruited results.

The sincere conversation between vice president Zhang Yanling and president Guo Wensan