PR97114

HONG KONG, July 20, 2022 /PRNewswire=KYODO JBN/ --

On 19 July 2022, the signing ceremony of the strategic cooperation agreement

between Fosun International Limited and Industrial and Commercial Bank of China

(ICBC) Shanghai Branch was held at ICBC Shanghai Branch. ICBC and Fosun will

conduct in-depth cooperation in high technology, advanced manufacturing,

biopharmaceuticals, happiness industry and other fields to foster development.

Fu Jie, President of ICBC Shanghai Branch and Guo Guangchang, Chairman of Fosun

International attended the signing ceremony through video conferencing. On

behalf of the two parties, Zhang Houlin, Senior Vice President and Co-CFO of

Fosun International, and Wang Rui, Vice President of ICBC Shanghai Branch,

formally signed the comprehensive strategic cooperation agreement, with Fu Jie,

Guo Guangchang, Zhang Xiaoqi, Vice President of ICBC Shanghai Branch, and Wang

Qunbin, Co-Chairman of Fosun International acting as witnesses. Wang Qunbin

delivered a speech at the ceremony, and Gong Ping, Executive President and CFO

of Fosun International, attended the meeting online.

President Fu Jie said, as a representative of Shanghai's private economy and a

leader in Zhejiang business enterprises, Fosun has developed and transformed in

the wave of reform and opening up, and played an important role in the

prevention and control of the epidemic and the resumption of work and

production. The signing of the agreement is an important move for ICBC to

thoroughly implement the Communist Party of China (CPC) Central Committee and

ICBC's head office, committed to the role of a major bank, and enhance service

level to help stabilize economic growth, and promote the high-quality

development of private enterprises. On the basis of long-term solid and sound

cooperation, ICBC and Fosun will take this signing as an opportunity to further

leverage their respective advantages, deepen the connection between industries

and finance, and join hands to make new and greater contributions to economic

and social development.

Guo Guangchang, Chairman of Fosun International, who is on a business trip

overseas, said that Fosun, which has been strengthening its presence in the

four major business segments of Health, Happiness, Wealth, and Intelligent

Manufacturing, has developed into a global innovation-driven consumer group

with global operation capabilities and profound technology and innovation

capabilities. In the future, Fosun will continue to improve its products and

services in high technology, biopharmaceuticals, happiness industry and other

fields to better meet the happiness needs of global families. Guo Guangchang

expressed his gratitude to ICBC for its long-term trust and support to Fosun,

and believes that the two parties will make greater contributions to economic

and social development through this deepening of cooperation.

The signing ceremony was presided over by Yu Jin, President of ICBC Shanghai

Luwan Sub-branch. Chen Yue, Senior Assistant to the President of Fosun, Co-CFO

of Fosun, Co-General Manager of the Treasury Management Department of the

Group, and representatives of Fosun's member companies such as Yuyuan Inc. and

Fosun Pharma attended the signing ceremony.

Source: Fosun