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    Vice President of China Zheshang Bank Visiting Shenwu Group


      On February 20, China Zheshang Bank Co., Ltd (hereinafter referred to as “CZBank”) Vice President Mr. Zhang Changgong, Director of Capital Marketing Department Mr. Dong Zhoufeng and others total of 4 people visited Shenwu Group. Shenwu Group Chairman Dr. Wu Daohong, Vice General Manager Mr. Qian Xuejie who is also the vice president of Shenwu Environmental Technology Co., Ltd, Vice General Manager Mr. Wu Zhiyong who is also the Vice President of Shenwu Energy Conservation Co., Ltd gave warmly welcoming to guests.
      CZBank team firstly visited Shenwu Energy Conservation and Low Carbon Technologies Research Laboratory, where listened to a briefing on Shenwu seven disruptive core energy conservation and low carbon technology and application.
      During the meeting, Mr. Zhang Changgong expressed that they are very glad to come to Shenwu Group for visiting. It’s inspired after hearing the introduction of Shenwu core technologies. CZBank has always paid attention on chemical industry development, and positively strives for all-round cooperation with leading enterprise in the field, to promote setting up the link between financial capital and industrial capital. As a leading enterprise in energy conservation and environmental protection, Shenwu has advanced and completed originality core technology research and development system and multiple demonstration projects, CZBank would like to cooperate with Shenwu Group in the areas of industry funds, investment and financing, and build close ties. Mr. Zhang also gave a detail introduction on cooperation mode between each other.     
      Dr. Wu Daohong said that warmly welcome the team from CZBank, is looking forward to strengthen the depth of cooperation with CZBank at various areas. He pointed out that the ideas are very clear for cooperation introduced by Mr. Zhang, has strong pertinence, operability and practicability. Over 20 years technology innovation and accumulation, Shenwu has made seven subversive technological achievements at energy saving and low carbon. These technologies could control smog from sources, could reduce emission, production cost and energy consumption, save investment and improve the enterprise economic, which make technological change of traditional industries coming true. At this moment, Shenwu actively build relationship with all levels government and financial institutions, which gather capital to rapidly make subversive technologies all-round popularization.
      At the end, Dr. Wu Daohong said CZBank, as the twelfth national joint-stock commercial bank established upon approval of China Banking Regulatory Commission (“CBRC”), has strong financial and capital integration ability. Shenwu is looking forward to further deep cooperation in the fields of enhancing finance lease, industry investment, resources development and investment on the basis of in-depth communication, to achieve win-win development. During the meeting, Mr. Qian Xuejie and Mr. Wu Zhiyong did further discussion with CZBank in terms of specific cooperation details.
      CZBank is one of the 12 national joint-stock commercial banks approved by CBRC. Headquartered in Hangzhou, Zhejiang, CZBank is the only national joint-stock commercial bank headquartered in Zhejiang province. The predecessor is “Zhejiang Commercial Bank”. Upon approval of the CBRC on June 30, 2004, Zhejiang Commercial Bank was reorganized, renamed, relocated and converted into the existing CZBank which commenced its business officially on August 18, 2004. The Company has total assets exceeding RMB 1,000 billion for the first time in 2015.