On August 17, a contract signing ceremony was held in Beijing for the strategic cooperation between Evergrande Group and China Minzu Securities Limited, with Mr. Hui Ka Yan, member of the standing committee of CPPCC and Chairman of Board of Hengda Group, and Mr. Zhao Dajian, Chairman of Board of China Minzu Securities Limited, and Mr. Yue Wenhai, Secretary of CPC Committee of the Securities Company. Mr. Xia Haijun, Vice Chairman of Board and President of Evergrande, and Mr. Luo Longping, president of China Minzu Securities Limited, signed the strategic cooperation agreement on behalf of the two parties.

Strategic cooperation established between Evergrande Group and China Minzu Securities Limited

Venue of the signing ceremony

According to the agreement, the two parties agree to establish a long-term strategic cooperation relationship and cooperate in the terms of industrial research support, investment and financing planning, investment bank, market value management, overall management consultation, and other general financial services, with the view of giving full play of the advantages of the two parties and building a new win-win securities-enterprise cooperation mode. 
        In the basic services, China Minzu Securities will provide Evergrande with research support based on evaluation and estimate of macro-economic environment and industrial operation tendencies, objective analysis and proposals on macro economy, the industry and the enterprise based on the business and financial situations of Evergrnade and advice and implementation plans for the future development of the enterprise. China Minzu Securities will also provide Evergrande with investment bank services for merger and industrial restructure operations of Evergrande. 
        The strategic cooperation between the two parties is another major strategic initial of Evergrande to accelerate the enterprise development using financial service platforms. The cooperation will help Evergrande to optimize its financial structure, further promote its overall competency and lay a foundation for Evergrande to build the best operation mode and maximize the value of the enterprise. The establishment of the strategic cooperation relationship between the two parties marks the successful formation of a development mode that sharing resources and drawing on the advantages of the two parties, which will better promote the core competency and market standings of the two parties and help realizing the visions of the two parties for long-term mutual development. 
        China Minzu Securities is a fully qualified general securities company approved by China Securities Regulatory Commission, with 50 branches established in 18 large and medium cities and economically well developed regions including Beijing, Shanghai and Shenzhen and its net ROA ranked top on the list of enterprises in the industry. Evergrande, listed in Hong Kong, is a giant group enterprise focusing on residential real estate and integrating commercial, hotel, sports and cultural industries, equipped with robust economic strength and advantageous brand image. It is widely recognized that the cooperation between the two giant enterprises holds special significances in spurring the prosperity of China’s money market, optimizing the investment and financing operations of Evergrande and furthering the cooperation of securities and industrial enterprises.