CRBC President Du Fei Meets with His Excellency Mangue- Vice President of Equatorial Guinea

On July 11, CRBC President Du Fei met with his Excellency Mangue- Vice President of Equatorial Guinea who visited China in Beijing. Both parties had an in-depth communication about the projects undertaken by CRBC.

Vice President Mangue spoke highly of the development of CRBC in Equatorial Guinea, and noted that all projects undertaken by CRBC are well received by the Government and society of Equatorial Guinea with superior quality. Currently, a majority of projects in Equatorial Guinea have been shut down due to continuous low oil price worldwide, and the Government of Equatorial Guinea is proactively seeking solutions for the payment of some projects. Vice President Mangue hoped that CRBC could cooperate with the Government of Equatorial Guinea to get rid of the difficulties temporarily faced. He noted that the Government of Equatorial Guinea is constructing the Oyala New Town, and that CRBC is encouraged to proactively participate in the construction.

CRBC President Du Fei extended the sincere thanks to Vice President Mangue for his long-term trust and support, and noted that CRBC will employ more local employees, enhance the skill training for employees, and better fulfill more social responsibilities. He hoped that both parties could sign the commercial contracts for the agreed projects as soon as possible to accelerate the financing. CRBC is willing to participate in the construction of Oyala New Town and further cooperate with the Government of Equatorial Guinea in the planning and investment of the new town.