Huaqiang Holdings and China Development Bank Signed a Development Finance Cooperation Agreement of 20 Billion Yuan

On November 16, Huaqiang Holdings andChina Development Bank Shenzhen Branch held the signing ceremony of theDevelopment Finance Cooperation Agreement. The two parties aim to integratetheir advantages and deepen cooperation in the development and construction oftheme parks, industrial chain mergers and acquisitions, cross-border finance,clean energy and other fields, with a total scale of 20 billion yuan. PresidentZhang Huaguo and Vice President Chang Shouguo of China Development BankShenzhen Branch, Chairman Zhang Hengchun, President Li Shucheng, ExecutivePresident Zhang Zehong and other Huaqiang Holdings leaders attended the signingceremony.

China Development Bank is one of themajor non-commercial banks in China. As the branch of China Development Bank inShenzhen, China Development Bank Shenzhen Branch has a long-standing and goodcooperative relationship with Huaqiang Holdings. The signing of the developmentfinance cooperation agreement will further strengthen the long-term, stable andin-depth cooperation between the two parties, and promote the rapid developmentof various industries of the Huaqiang Holdings.

Before the signing ceremony, Zhang Hengchun,Chairman of Huaqiang Holdings, Zhang Huaguo, President of China DevelopmentBank Shenzhen Branch and other leaders had a cordial conversation on theinternational situation, national strategic development plan, Huaqiang Holdings'sindustrial layout and future cooperation of the two parties. Chairman ZhangHengchun briefly introduced the operation of Huaqiang in the main sectors ofcultural industry, technology industry, and electronic information industry andso on. President Zhang Huaguo fully affirmed the development of Huaqiang in variousindustries and said that the signing of the development finance cooperation agreementwould be a continuation of the good cooperation between the two parties. Hestated that China Development Bank Shenzhen Branch would continue to closelycooperate with Huaqiang Holdings to achieve the goal of common prosperity,mutual benefits and win-win for both parties.