Chairman Zhang Xiangyang Attends the Signing Ceremony of Banking Business Supporting Construction Industry “Going Out” of Nantong

In order to carry out the Plan for Accelerating Nantong Construction Enterprises “Going Out” issued by Nantong Municipal Government and establish and improve the long-term cooperation relationship between bank and enterprise, Nantong Municipal Government on October 23, 2017 held the Signing Ceremony of Banking Business Supporting Construction Industry “Going Out” of Nantong. The Deputy Mayor of Nantong Wu Yonghong attended the ceremony and addressed speech. Chairman Zhang Xiangyang on behalf the Group signed on the Cooperation Agreement.

The Financing Institute as ICBC, CCB, BOC and SINOSURE after signing the Cooperation Agreement will in the coming 3 years issue RMB 12.4 billion of credit line to Nantong Construction Group, Suzhong Construction Group, Nantong the 2^nd Construction Co.,Ltd. Nantong the 3^rd Construction Co.,Ltd. Nantong the 4^th Contruction Co.,Ltd., Tongzhou Construction Group, and Longxin Construction Co.,Ltd. in the type of debt financing, Industry Fund, bidding security, advance payment guarantee, performance guarantee, financing guarantee etc. so as to facilitate and protect Nantong Construction Industry “Going Out”.