On the afternoon of June 11, Liu Minghua, President of the Company, held talks with Dr. Samir J. Serhan, Chief Executive Officer of ACWA, in Shanghai. Also present were Saleh Khabti, Chairman of ACWA China, and Alfons Juan, Executive Vice President.

Liu Minghua expressed gratitude to ACWA for its long-standing trust and support, and briefed the guests on the Company’s international development journey, full-industry-chain strengths in EPCO and strategic planning and layout. He noted that as a world-leading clean energy developer, ACWA has maintained in-depth cooperation with SEPCOIII for years. The two sides leverage complementary strengths and boost mutual business growth, jointly delivering a portfolio of landmark projects built on a solid foundation with fruitful outcomes. He voiced the hope that moving forward, relying on ongoing projects, both parties will fully exert their respective core competitiveness, focus on target markets and develop cutting-edge sectors, continuously innovate and upgrade business models, expand cooperation scope, and jointly fuel the global low-carbon energy transition.

Dr. Samir J. Serhan reviewed the bilateral cooperation track and spoke highly of the achievements attained. He also outlined ACWA’s industrial layout and market expansion progress. He remarked that SEPCOIII, a renowned international EPC general contractor, has demonstrated outstanding contract execution capability, superb professionalism and efficient service capacity throughout close collaboration, making it a trusted global partner of ACWA. He looked forward to both sides building on the high-quality and efficient delivery of ongoing projects to further optimize resource allocation and deepen industrial synergy, refine cooperation approaches for key national markets and emerging business segments, elevate China-Saudi energy cooperation to new heights, and draw a new blueprint for sustainable development hand in hand.

Relevant representatives from ACWA and our Company.