On September 9, Mr. Zhang Bin, the CEO of Northern Heavy Industries Group Co., Ltd （short for“NHI”）, visited and negotiated with Baowu Ouye Industrial Products Company （short for “Ouye”）, and Mr. Zhang Qing, the chairman of Ouye, received his visit warmly.

On behalf of NHI, Mr. Zhang Bin thanked Baowu Iron and Steel Group for its strong support for the development of NHI over the years, and introduced in detail the basic situation of Fangda Group and the development achievements of NHI in recent years. Zhang Bin said, Fangda Group is a large-scale enterprise group with strong international competitive strength, cross-industry, cross-region, diversification, and total assets of more than 400 billion yuan and nearly 130,000 employees, with carbon, steel, medicine, commerce and aviation as the core of the five major sectors. In order to return to its hometown, Fangda Group has invested nearly 10 billion yuan to build Liaoning Fangda General Hospital in Shenfu Reform and Innovation Development Zone, which is the largest one-time overall planning and construction of single general hospital in China. Since joining Fangda Group, NHI has made new market breakthroughs by upgrading and transforming traditional products to strength the market and innovating and developing new products to seek for development, and has mastered more advanced high-level equipment manufacturing technology by cooperating with domestic famous colleges and universities. At present, NHI has world-leading technologies and products in the fields of mining, metallurgy, bulk material handling, tunneling, etc., showing the basic technology and manufacturing strength of NHI.

Zhang Qing welcomed Zhang Bin and his entourage, and fully affirmed the achievements of NHI since the mixing and reform. Zhang Qing said that Ouye was founded in September 2020, by China Baowu Iron & Steel Group Co., Ltd. and its subordinate Baosteel、Maanshan Iron & Steel、Shaogang Songshan、Bayi Iron & Steel、Echang Iron & Steel、 OEM、 Baoxin Software, and other seven members of the joint initiation of the company, is a subsidiary of the first level of the China Baowu Group. Ouye products began in the accumulation and precipitation of professional procurement of industrial products, centralized integration of China Baowu procurement resources and capabilities to form, is a high-quality industrial procurement management services company. Zhang Qing said, recently, Ouye continues to seek development in the metallurgical industry at the same time, but also in the development of the mining market, NHI is the core of China's equipment manufacturing field backbone enterprises, hope that the two parties in the strengthening of the original cooperation on the basis of further deepening of the mining field of the combination of strengths and complement each other's strengths in the project cooperation, technical support and supply of products to strengthen the communication and exchanges. At the same time, Ouye has rich resources and channel advantages in warehousing and logistics system, supply chain financial services, etc. Ouye hopes to further cooperate with NHI to realize mutual benefits and win-win situation.

Mr. Yan Mantang, Vice CEO of Ouye, Mr. Lu Hongbo, General Manager of Engineering Equipment Purchasing Center, and Mr. Zhao Qiang, General Manager of NHI Sales department attended this negotiation.