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Strategic Cooperation Framework Agreement between Yankuang Group and Prosperity Steel United Singapore Pte Ltd.

From November 6 to 7, general manager Li Wei investigated Singapore with delegation and signed the Strategic Cooperation Framework Agreement with Prosperity Steel United Singapore Pte Ltd. (“Prosperity Steel”)

Prosperity Steel is an extra-large international trade group incorporated in Singapore, mainly engaged in iron ore and coal trade, shipping logistics, steel processing and distribution, financial investment, etc. Corporate assets mainly distributes in Singapore, Hong Kong and the mainland of the PRC.

During the investigation period, Li Wei visited the intelligent manufacturing plant for rebar finished products in BRC controlled by Prosperity Steel and thought that Yankuang should learn the “Internet+” idea and “entity + finance + scientific and technological information” business innovation model of BRC.

In signing ceremony, Li Wei and You Zhenhua, the chairman of Prosperity Steel, entered into the Strategic Cooperation Framework Agreement, deeply discussed about jointly promoting the development of rolled steel processing and distribution for the next step and popularizing BRC businesses in domestic and reached a consensus on cooperation.

The director and CEO of the Group, Ru Gang, and the managers of Yanzhou Coal and Donghua Construction joined the investigation and attended the signing ceremony.