The strategic recombination signing ceremony of Shandong Highway Group was held in Shandong Hotel, Jinan on January 10. Zhang Bin, director of Shandong Provincial State-owned Assets and Administration Commission, Dai Hegen, chairman of China National Chemical Engineering Group Corporation Ltd. and Wang Hong, president of Shandong State-owned Assets Investment Holdings Co., Ltd. attended the signing ceremony. Director Zhang Bin and Chairman Dai Hegen made speeches and expatiated the significance of this strategic recombination.

After the signing ceremony, Wang Shujian, deputy governor of Shandong Province met with Dai Hegen and his delegation as well as various shareholder representatives of the Shandong Highway Group. Wang Shujian, deputy governor of Shandong Province extended his congratulations for this strategic recombination between China National Chemical Engineering Group Corporation Ltd. and Shandong Highway Group, and expressed that Shandong Province welcomes and supports the China National Chemical Engineering Group Corporation Ltd. to bring central government-owned enterprise superiority into full play and adopt various ways to make contributions to economic construction of Shandong Province. In addition, he said that Shandong Province would dock relevant work actively and provide services to promote new-traditional kinetic energy conversion, thus making great contributions to further development of social economy.

Diao Hanyu, the deputy president of Shandong State-owned Assets Investment Holdings Co., Ltd. singed and concluded the strategic recombination framework agreement of Shandong Highway Group with China National Chemical Engineering Group Corporation Ltd., Shandong Jinluban Group, Jinan Zhuoyu Investment Co., Ltd. and other shareholders, which represented that Shandong Highway Group officially completed the strategic recombination by introducing China National Chemical Engineering Group Corporation Ltd., the central government-owned enterprise.

After this strategic recombination, the Shandong Highway Group will be a mixed ownership enterprise with the central government-owned, provincial and municipal state-owned and employee-owned joint ownership. Shandong Highway Group will further release the development vitalities of the company by resource grafting, coordinated development and complementary advantage strategies. This strategic recombination is another achievement for the cooperation between our province and central government-owned enterprise and the promotion of the new-traditional kinetic energy conversion; on the other hand, it propelled the capital mixture of state-owned capital and private capital to achieve ownership decentralization, forming an aggressive investigate to market-oriented operation for state-owned enterprise, which will bring a positive referential value to new development of the enterprises in our province.