On the afternoon of October 8, 2021, China COSCO Shipping Group Co., Ltd. (referred to as "COSCO SHIPPING") and Sinochem Holdings Co., Ltd. (referred to as "Sinochem") signed a strategic cooperation agreement in Shanghai. Sinochem Chairman and Party Secretary Ning Gaoning; Director, General Manager and Deputy Party Secretary Li Fanrong; COSCO SHIPPING Chairman and Party Secretary Xu Lirong; Director, General Manager and Party Secretary Fu Gangfeng attended and witnessed the signing. Yang Shihao, Deputy General Manager and Party Member of Sinochem, and Huang Xiaowen, Deputy General Manager and Party Member of COSCO Shipping, signed the contract on behalf of both parties.

According to the arrangement of the agreement, the two parties will follow the principle of "mutual benefit, strategic alliance, complementary advantages" and make full use of their respective superior resources to carry out in-depth development in industrial chain operation, shipping, digital transformation, integrated real estate services, centralized procurement, and information exchange. Cooperation, establish long-term strategic partnerships, provide society with more high-quality and convenient products and services, and continuously improve enterprises' technological innovation capabilities, core competitiveness and sustainable development capabilities, so as to achieve mutually beneficial cooperation and common development. Keywords: engineering construction, engineering news

Before the signing ceremony, the two parties had in-depth exchanges on deepening cooperation. China Sinochem Chief Accountant Yang Lin, Deputy General Manager, Party Member Zhong Ren, Heads of Sinochem's relevant departments and affiliated companies; COSCO Shipping Deputy General Manager and Chief Accountant Sun Yunfei, Assistant General Manager, Chairman of COSCO Shipping Logistics Han Jun, Heads of relevant departments of COSCO Shipping Lines, COSCO SHIPPING Energy and headquarters participated in the above activities.Editor/Xing Wentao