On the morning of December 18th, General Manager and President of the MCC GroupZhang Zhaoxiangmet with CEO of the Development Bank of Singapore Mr. Gao BodeatMCC's Beijing Head Office for talks concerning the carefuldevelopment of business cooperation in more extensive fields including insurance inside, loans outside and overseas debt,on the premise that the exchange rate and the interest rate risk could be controlled, eventually reaching a consensus.

President Zhang Zhaoxiang welcomed the delegation of Mr. Gao Bode and made a brief introduction of the development conditions of the MCC Group in the last two years. He then pointed out that the Development Bank of Singapore possesses large funds,flexible institution and mechanism and strong product innovation capability with an extensive business foundation in the Southeast Asian market. Therefore, he hopes that they can carefully develop such businesses as insurance inside, loans outside and overseas debt on the premise that the exchange rate and the interest rate risk could be controlled, thus helping the overseas market of the MCC Group to develop and solving the resultant financing problems with its advantages in the Southeast Asia region.

Mr. Gao Bode expressed his gratitude for the warm reception of President Zhang Zhaoxiang and gave a brief introduction of the basic conditions of the Development Bank of Singapore, pointing out that the Development Bankis one of the largest financial service groups in Asia with its head office located in Singapore and businesses throughout 15 markets. As one of the World’s Top 500 enterprises and the largest and strongest metallurgical construction contractor and metallurgy industry service provider in the world, the MCC Group is fully reinforced with broad prospects. They hope that MCC will enhance its communication and cooperation with the Development Bank of Singapore in further steps, achieving joint development with mutual benefits and win-win results. The Development Bank will support the development of the MCC Groupthroughout the world, and especially in the Southeast Asia region.

The meeting was attended by CEO of the Development Bank of Singapore (China) Ge Ganniu, President of the Beijing Branch Zhu Yusheng, Senior Credit Manager of the Beijing Branch Zheng Weixiang, Vice President of the Beijing Branch Deng Qiao, Assistant Vice President of the Beijing Branch Zhang Zhujun, Vice President of the China MCC Group Zhang Mengxing, Vice President and Chief Accountant Zou Hongying, Chairman of the MCC Overseas Group Zou Weimin, General Manager of the MCC International Group Chen Shaochun, Finance Minister of MCC Li Yuzhuo, Director of the Overseas Project Management Department Xu Yongjie and Director of the Mining Management Department Zong Shaoxing and so on.