On August 19, Shi Baofeng, President of the Board of Directors of CR Power, met with Qin Weiguo, Secretary of Huaibei Municipal CPC Committee and his delegation in Shenzhen. The two parties held discussions and exchanges on expanding cooperation in the energy field, and jointly witnessed the signing of a new energy coupling biomass green methanol integration project investment framework agreement between CR Power and the Suixi County People’s Government, Huaibei City.

President Shi Baofeng welcomed Secretary Qin Weiguo and his delegation, expressed his gratitude to the Huaibei Municipal CPC Committee and Municipal People’s Government for their long-term care and support to CR Power, and introduced CR Power’s investment and project progress in Huaibei City. He said that CR Power will make full use of the Group's diversified advantages, actively coordinate resources, promote the construction of cooperative projects with high efficiency and high quality, and help Huaibei City's energy transformation and upgrading and high-quality economic development.

On behalf of the Huaibei Municipal CPC Committee and Municipal People’s Government, Secretary Qin Weiguo expressed his gratitude to CR Power for its great contribution to the economic and social development of Huaibei City, and briefly introduced Huaibei City. He said that Huaibei City attaches great importance to cooperation with CR Power and will take the signing of this cooperation agreement as an opportunity to continue to consolidate the existing good cooperation foundation, accelerate the implementation of new projects, work together to achieve mutual benefit, win-win, and sustainable development, and create a cooperation model between central enterprise and local government.

Song Yuxian, Director of the Management Committee of Anhui (Huaibei) New Coal Chemical Synthetic Materials Base, relevant persons in charge of Suixi County, Xiangshan District, and the Foreign Affairs Office of Huaibei City, Xi Yong, Vice President of CR Power, relevant person in charge of CR Power Office, Suwan New Energy Company, and Derun Biomass Company, accompanied the delegation for investigation.