On December 15, 2023, Tian Lixin, Vice President of Shanghai Delong Iron and Steel Group Co., Ltd. (Delong Steel) and President of Delong Capital, visited China Jing An Limited (China Jing An). Wu Lin, Assistant to the Chairman of China Jing An and Director of the Group's Strategic Development Center, welcomed him warmly at the group's Beijing headquarters. The two sides held negotiations and consultations on agendas including the integration of coal, iron ore, natural gas resources, trade cooperation, and the implementation of overseas industries. Zhang Shuangqin, Executive Deputy General Manager of Energy Group, Qin Liang, a partner of Delong Capital, and others attended the conference.
During the conference, Mr. Wu Lin first extended a warm welcome to the Vice President Tian Lixin's visit. He introduced that China Jing An's main businesses include energy and chemical industry as well as security technology, while also involving account investment and asset management and other businesses. China Jing An possesses rich reserves of upstream coal, oil, and gas resources in Mongolia and the Middle East, and has established cross-border railway infrastructure at the land ports between China and Mongolia. Through this powerful cooperation with Delong Iron and Steel Group, the two sides can achieve mutual benefit and win-win results in the field of energy development.
Tian Lixin emphasized that Delong Steel is a large, comprehensive iron and steel group that focuses on trade, logistics, and energy and environmental protection. The company is undergoing expansion for overseas development and construction in order to extend the iron and steel industry to the regions along the Belt and Road Initiative. It is believed that collaborating with China Jing An and making full use of the advantageous resources of both sides will enable synergistic integration across domestic and overseas markets.
The visit of the leaders of Delong Steel will play an important supporting role in the development of the group's energy business and has far-reaching strategic significance. China Jing An will continue to firmly and deeply engage in the energy market, consolidate its resource reserves for purpose of safeguarding national energy security and maintaining high-quality economic development.