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Hunan Jin'ang Overseas Investment Co., Ltd. ('Jin'ang Overseas Investment') will dispatch a core senior management team to Tanzania, Africa, on November 25, 2024. This trip has two core tasks: first, to ship goods for strategic customer Zhongnan Antimony & Tungsten Industrial Trading Co., Ltd. ('Zhongnan Antimony & Tungsten'); second, to further strengthen Jin'ang Overseas Investment's strategic layout overseas.
1 A Journey of 'Integrity, Sincerity and Sincere Action' for Jin'ang Executives
Valuing Contract Performance and Timeliness. In September 2024, the cooperation agreement between Jin'ang Overseas Investment and Zhongnan Antimony & Tungsten marked the two sides formally becoming strategic partners and opened a new chapter of cooperation. Under the cooperation terms, Jin'ang Overseas Investment committed to supplying Zhongnan Antimony & Tungsten with extra-rich nickel ore of a grade above 5%. Jin'ang Overseas Investment's emphasis on this cooperation is reflected in its swift action: immediately after the contract was signed, the company's chairman issued clear requirements to the African branch, stressing the importance of stockpiling and that the cooperation must be completed on time with both quality and quantity guaranteed. This swift response and efficient execution demonstrate Jin'ang Overseas Investment's professionalism and its high regard for its partner.
Stockpiling Completed Ahead of Schedule. As of this week, positive news from Jin'ang Overseas Investment's African side shows that preparations for the extra-rich nickel ore of a grade above 5% for the Zhongnan Antimony & Tungsten cooperation are all proceeding as planned, which not only ensures timeliness of delivery but also reflects Jin'ang Overseas Investment's strong capability in project management and resource allocation.
Personally Supervising the Delivery Chain. This is the first cooperation between Jin'ang Overseas Investment and Zhongnan Antimony & Tungsten. Upholding the attitude and philosophy of 'integrity, sincerity and sincere action', Jin'ang Overseas Investment has arranged for a core senior management team to travel to Tanzania, Africa, to supervise in person — a reflection not only of its sense of responsibility toward its partner but also of its firm commitment to the success of the cooperation. The senior management team's presence on site to supervise demonstrates in practical action the company's emphasis on this cooperation and its attitude toward contract performance.
On this trip to Tanzania, Xiang Min, Director of Foreign Trade, takes the lead with other executives working in coordination, with the firm aim of fully implementing the company's own closed loop of full-industrial-chain business, mainly involving: establishing overseas warehousing, building a logistics system, establishing a testing and inspection center, and improving supporting financial services in the park.
Establishing an Overseas Warehouse. Jin'ang Overseas Investment will lease or purchase an indoor warehouse of no less than 3,000 square meters within 30 kilometers of Dar es Salaam and set up an office to support our mining and logistics operations. We will build an efficient modern logistics service system, strengthen supporting services for key infrastructure such as railways, airports and ports, and improve logistics efficiency.
Building a Logistics System. Building on cooperation with Beijing Wanwei Shipping, we will also expand strategic cooperation with other logistics companies to build a powerful logistics network. We will promote the linked development of the logistics and mining industries, improve the degree of organization through overall optimization and give play to overall efficiency.
Establishing a Testing and Inspection Center. To ensure product quality, we will establish a professional testing and inspection center locally. We will equip it with complete testing facilities and establish strict equipment maintenance and management systems to ensure normal operation. At the same time, we will build a regional inspection center information management system to manage the whole process of inspection appointments, sampling, sample submission and report issuance.
Supporting Financial Services in the Park. We will consult local policies and interpret the best financial services offered by local government banks, and then, combined with our own funding advantages, establish a well-developed financial service system to support the economic development of the local mining and logistics industries through information flows, capital flows, business flows, logistics and credit flows.
As Jin'ang Overseas Investment further internationalizes, more high-quality customers like Zhongnan Antimony & Tungsten will choose Jin'ang Overseas Investment. The people of Jin'ang have always upheld the values of 'being pragmatic and truth-seeking, down-to-earth, steadily developing, joining hands and creating the future together', and will continue to establish offices and overseas warehouses in multiple countries so as to serve Jin'ang's strategic partners more efficiently and conveniently.
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