Chairman Zhang Xiangyang Visits Mozambique for Inspection and Research

　　From December 16 to 19, a delegation led by Zhang Xiangyang, Chairman of the Group; Chen Guoli, Deputy General Manager and General Manager of the Overseas Branch; Huang Jing, Chief Economist; and other senior executives visited Mozambique for an inspection and research mission.

　　On the afternoon of the 15th, Chairman Zhang Xiangyang and other leaders, after briefly resting upon disembarking from their flight, immediately proceeded to the Mozambique branch headquarters to visit the employees working there. They conveyed greetings from the Group’s headquarters, commended the staff for their hard work to date, and encouraged them to continue striving to elevate the Mozambique branch’s operations to new heights through even greater dedication.

　　Vigorously implementing the “go global” strategy, real estate development is a key area for the Group’s overseas market expansion and also the primary focus of Chairman Zhang Xiangyang’s current inspection tour. From the 16th to the 19th, Chairman Zhang Xiangyang and his delegation conducted on-site inspections of two mixed-use land parcels in central Maputo and the surrounding market conditions for commercial housing development projects. They reviewed the progress of these projects on the ground, commended the advancements made thus far, and urged the construction teams to further accelerate work and complete the projects as soon as possible, so that the two developments can be promptly launched for sale and valuable experience in development and sales can be accumulated. During the visit, the delegation also examined Mozambique’s real estate market, conducting on-site assessments of several parcels currently being considered for transfer by the local owners. At each site, Chairman Zhang meticulously inquired about relevant property details, personally inspected the surrounding environment, and gained a thorough understanding of potential zoning plans, nearby housing types and price levels. He also worked with the team to carefully calculate the expected return on investment for each parcel. To gain a deeper understanding of the Mozambican real estate market, Chairman Zhang Xiangyang and his delegation further visited residential projects jointly developed by Nanjing Zhuzong and Nanjing Jinji, as well as the sites and sales offices of the Zhongjiang International and Henan International development projects, conducting comprehensive market research. Chairman Zhang emphasized that Mozambique has enjoyed political stability in recent years, coupled with ongoing improvements to its investment climate that encourage the development of mineral, energy, agricultural, forestry, and fishery resources. As a result, the economy has maintained steady growth, with a population growth rate of 2.8% and an urbanization rate of less than 40%, creating substantial opportunities for real estate development. The key, he stressed, is to select prime land parcels, conduct thorough preliminary market research and project planning, and ensure meticulous organization and execution, so that every real estate development endeavor achieves success.

Chairman Zhang Xiangyang Inspects Real Estate Development Plots in Mozambique

　　On December 17, Chairman Zhang Xiangyang and his delegation attended the opening ceremony of a photo exhibition showcasing the achievements of China–Mozambique economic and trade cooperation, at the invitation of the Chinese Embassy in Mozambique. The exhibition was jointly organized by the Economic and Commercial Counselor’s Office of the Chinese Embassy in Mozambique, the Ministry of Foreign Affairs and Cooperation of Mozambique, and the Ministry of Planning and Development of Mozambique. Through a wealth of visual materials, it highlighted the substantial outcomes of bilateral cooperation in such areas as aid, trade, investment, and engineering contracting. The exhibition featured promotional images of nearly 60 Chinese enterprises operating in Mozambique, including Nantong Construction Engineering Group. The event provided an opportunity to gain a deeper understanding of the investment, operations, and development achievements of Chinese firms in Mozambique, and facilitated business-oriented exchanges and learning with several participating companies.

　　On the 18th, Chairman Zhang Xiangyang paid a courtesy call on Chinese Commercial Counselor to Mozambique, Wang Lipai, at the Chinese Trade Office in Mozambique. Counselor Wang first commended the company for its excellent market grasp over the past decade in Mozambique, which has laid a solid foundation for future development. He emphasized that the next ten years represent a golden period of rapid growth for Mozambique and expressed the hope that the company will seize this opportunity, enter a final sprint phase, and achieve even greater and more robust development. Counselor Wang then provided a detailed overview of Mozambique’s political, economic, and cultural landscape, as well as its investment environment, along with an account of the investment and operational models adopted by Chinese enterprises in Mozambique and their current development status. In the evening, Chairman Zhang Xiangyang met in Maputo with the president of RORA University, one of the company’s key clients. The two sides engaged in a cordial and friendly discussion and conducted in-depth deliberations on the next steps for cooperation.

　　With the Western traditional Christmas season fast approaching, on December 19, Chairman Zhang Xiangyang paid a special visit to the expatriate staff at our Mozambique branch base, posed for a group photo, and presented them with Christmas gifts, wishing them a joyous holiday. The atmosphere at the base was filled with cheer and merriment.

Chairman Zhang Xiangyang poses for a group photo with all Chinese and foreign employees of the Mozambique branch.

Chairman Zhang Xiangyang Meets with Mr. Wang Lipeng, Commercial Counselor of the Chinese Embassy in Mozambique

　　During the inspection, Chairman Zhang Xiangyang and his delegation also heard reports on the operations and financial performance of the Mozambique branch and convened a symposium with representatives of the branch’s staff stationed in Mozambique. At the symposium, Chairman Zhang Xiangyang urged all employees of the Mozambique branch to work in unison, think creatively, and explore new business channels in their operational activities, seizing the current period of rapid development in Mozambique and making full use of the extensive resources our company has accumulated in the country over many years to secure more construction contracts. In terms of construction management, he emphasized the need to strengthen quality and safety oversight, strictly control project schedules, and strive to deliver each completed project as a lasting legacy. With regard to real estate operations, he called for a deeper understanding of the Mozambican government’s entry requirements and preferential policies for foreign-invested enterprises in the real estate sector, as well as thorough market research on several land parcels currently under consideration, so that comprehensive information can be compiled promptly and opportunities for jointly developed projects with the government can be actively pursued. Finally, Chairman Zhang Xiangyang stated that the next step for the Mozambique branch is to remain firmly confident and unwavering in its “going global” strategy; to build a strong reputation; to continuously expand into new markets and pursue new projects; and to set a long-term development goal in Mozambique. Yang Jianming, General Manager of the Mozambique branch, pledged to conscientiously implement the spirit of Chairman Zhang Xiangyang’s instructions, further transform mindsets to better adapt to the Mozambican market, fully mobilize the enthusiasm of all employees to accelerate progress across all areas of work, proactively explore new markets to achieve sustained, rolling development, and deliver even greater achievements for Nantong Construction’s overseas endeavors.