On October 22, Zhu Kebing, Deputy Party Group Secretary, Director and President of China Minmetals, visited Minmetals Trust and MCC Real Estate to extend cordial regards to employees there and held in-depth discussion sessions.

At Minmetals International Trust, Zhu Kebing heard reports on the operation and governance, progress in deleveraging and risk mitigation, and targeted initiatives of the Company, and the work of the Sixth CPC Branch—the liaison station at Minmetals International Trust. He gained detailed insights into the major challenges and future development plans during the Company's transition. He emphasized that marching towards the 15th Five-Year Plan period, Minmetals International Trust must dedicate efforts to exploring and specifying the implementation pathways and business models for the transition based on its actual situation with a focus on China Minmetals’ development advantages. Efforts should be made to develop unique competitive edges by enhancing core competencies, and accelerate the establishment of a differentiated, professional, and distinctive trust company, so as to better support China Minmetals in securing strategic resources and fostering strategic emerging industries. It is imperative to persistently advance risk prevention, mitigation, and targeted governance, firmly keep the bottom lines of risk control and safety, and resolutely promote the transformation in an orderly manner. It is crucial to apply the concept of "value-based management," strengthen internal refined management, and deepen and refine the Amoeba management model, thus driving high-quality corporate development.

At MCC Real Estate, Zhu Kebing heard reports on the Company's overall situation, loss mitigation measures, deleveraging and risk mitigation, and and targeted initiatives. He emphasized the need to maintain a clear political stance, and prioritize the governance of loss-making units, deleveraging and risk mitigation, and targeted initiatives as core tasks to consolidate the foundation of Company's development. It is imperative to focus on China Minmetals' strategic positioning in the new phase of the "15th Five-Year Plan" period, dedicate its efforts in new urbanization construction, and identify key entry points and focal areas to expand development space while serving the overall development. It is essential to understand and capitalize on the property market's transition from quantitative expansion to qualitative enhancement, and proactively shift business mindsets. Marketing and competitive strategies should be flexibly upgraded with a focus on current standards for "high-quality housing" to effectively addressing market gaps, thus continuously enhancing market competitiveness. He also urged firm confidence, form a collective strength, and overcome difficulties. It is vital to maintain clear-eyed view of risks and challenges and firmly grasp development opportunities, ensuring that the direction remains unwavering and decision-making is precise and science-based. Solid efforts should be made with a focus on setting goals, and the bottom lines of compliant operation and risk prevention must be strictly upheld, so as to ensure priorities of the year are implemented and fulfilled. It is important to plan future development paths systematically and strive to achieve high-quality corporate development through transformation.

Participants included heads of relevant departments of China Minmetals.