COMPANY NEWS

Wang Yundan Meets Sinosure Shanghai Branch President Chen Xiaoping

On August 2, 2016, SEP Chairman Wang Yundan met with China Export & Credit Insurance Corporation (Sinosure) Shanghai Branch President Chen Xiaoping and her delegation. SEP CFO Chen Wenhao attended the meeting.

Wang Yundan welcomed the visit of Chen Xiaoping and her delegation, and appreciated the long-term support of Sinosure. He introduced SEP’s development process and the highlights and results of business development made in recent years to the guests. He noted that the internationalization of SEP totally fit SPIC’s corporate vision of “building an innovative international integrated energy group and modern SOE with outstanding core competitiveness”, which had been fully affirmed by SPIC. He pointed out that under current economy situation, SEP's international work should particularly emphasize on risk control so that SEP welcomed Sinosure's assistance and support, and hoped Sinosure to continuously strengthen the cooperation between SEP in order to jointly promote the healthy development of key overseas projects.

Chen Xiaoping appreciated the deepened mutual trust and cooperation between SEP and Sinosure Shanghai Branch, and introduced the business of Sinosure Shanghai Branch and the related national policies on promoting the development of foreign trade since this year. She noted that SEP is an excellent partner of Sinosure Shanghai Branch, an AAA-class customer of Sinosure head office, and also a benchmarking Chinese enterprise in "Going Global", so that Sinosure Shanghai Branch would comply with the relevant policies and regulations of government departments and the head office to complete related work of export credit insurance and continue to deepen the cooperation with SEP.

Heads of SEP International Business Department and Shangtan Company attended the meeting.

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