Hangzhou Jinjiang Group reorganizes and takes over Gansu Zhonghui Aluminum Co., Ltd.

On April 2, 2021, the people's Court of Jingyuan County, Gansu Province, the Management Committee of Liuchuan Industrial concentration Zone of Baiyin City, the manager of Gansu Zhonghui Aluminum Co., Ltd., Hangzhou Jinjiang Group Co., Ltd., Hangzhou Jinming Investment Management Partnership (limited partnership), etc., jointly held the bankruptcy reorganization of assets and the transfer of management rights of Gansu Zhongrui Aluminum Co., Ltd. at the scene of Gansu Zhonghui Aluminum Co., Ltd. President Su Benlu of Jingyuan County people's Court, Chief Yang Dapeng of Liuchuan Industrial concentration Zone in Baiyin City, Director Wu Yujun, manager of Gansu Zhongrui Aluminum Co., Ltd., and Sun Jiabin, deputy general manager of Hangzhou Jinjiang Group Co., Ltd., attended the handover ceremony.

At the handover ceremony, on behalf of Hangzhou Jinjiang Group, Hangzhou Jinming Investment Partnership and the Sino-Swiss Aluminum working Group after bankruptcy and reorganization, General Sun Jiabin thanked the Jingyuan County people's Court, the Liuchuan centralized Industrial Zone Management Committee and the managers of Gansu Zhongrui Aluminum Co., Ltd. for a great deal of hard work done by the transfer of assets and management rights of China-Rui Aluminum to Hangzhou Jinming Investment Partnership, which is wholly owned by Jinjiang Group. It also introduces that Jinjiang Group and Jinming Investment attach great importance to Sino-Swiss projects and invest human, material and financial resources. General Manager Sun pointed out that Jinjiang Group has allocated advantageous resources and talents to set up a project team, set out detailed plans and keep a close eye on the target, and will resume the 75000-ton electrolytic aluminum production line of Sino-Swiss Aluminium in a relatively short time, and Synchronize will spare no effort to promote the preliminary work of the second phase of the project. I hope that the management committee and manager team of Jingyuan County and Liuchuan Industrial Zone will, as always, support the resumption of production and the preparatory work for the second phase of the project. Make new and greater contributions to local economic and social development.

President Su Benlu said that the party committee government of Jingyuan County and the people's Court of Jingyuan County attached great importance to the takeover of Gansu Zhongrui Aluminum Company by Hangzhou Jinming Investment Partnership, which is wholly owned by Hangzhou Jinjiang Group. Today, under the protection and witness of the people's Court, he took over the assets and management rights of China Rui Aluminum Company from the manager, hoping to resume production and promote the second phase of the project as soon as possible on the road of legal compliance. Do a good job in the operation of "New China-Switzerland Aluminum Industry"; In the process of building the company, the government and judicial organs will continue to do a good job in escorting the company.

Director Wu Yujun said that the manager will conscientiously perform his duties and continue to provide support and guarantee for the stable operation of China-Switzerland Aluminium.

Under the witness of President Su, Sun Jiabin and Wu Yujun signed the "assets and Management transfer Agreement" on behalf of the restructuring investors and the managers of Gansu Zhongrui Aluminum Co., Ltd., and the handover ceremony was successfully completed.