On May 28, a ceremony was held for signing a framework agreement for strategic cooperation between Yuexiu Group and Guangzhou Communication Investment Group (“GTIG”). Zhang Zhaoxing, secretary of the Party Committee and chairman of Yuexiu Group, and Yang Yuzheng, secretary of the Party Committee and chairman of GTIG attended the ceremony.General Manager Ye Shanhu of Yuexiu Group and GTIG General Manager Xu Jiehong signed the agreement on behalf of the two parties. Under the agreement, the parties will start comprehensive strategic cooperation in the fields of traffic infrastructure, urban renovation and transformation, modern agriculture and financial servicesusing complementarity to achieve mutual benefits.
The two parties held a symposium before the ceremony. Mr. Zhang presented the basics, development strategies and the major achievements in the recent reforms of Yuexiu Group. He pointed out that, in recent years, Yuexiu Group paid high attention to cooperation with other state-owned enterprises; GTIG and Yuexiu Group are both state-owned enterprises of the city and have a large space for cooperation in traffic infrastructure, engineering construction, financial services, urban operation and food industry; hopefully the two parties can take active actions to utilize their resource advantages and achieve effective cooperation.
GTIG chairman Yang Yuzheng introduced the company’s development strategies. He saidthat GTIG as a leading enterprise of Guangzhou in traffic infrastructure construction is actively pursuing expansion into diversified industries and hoped that the two parties can accelerate their partnership in traffic infrastructure and urban renovationby speeding upthe realization of projects.
The ceremony was chaired by He Yuping, General Counsel of Yuexiu Group. Also present at the ceremony were other leaders, including Li Feng, Chief Capital Operation Officer of Yuexiu Group, He Baiqing and XieYanhui, both assistants to the Director of Management Committee, GTIG Deputy General Managers Du Hongtao and Li Gengxin.