(Hong Kong, September 20, 2024) — China Risun Group Limited (“Risun Group” or the “Group”; stock code: 1907.HK), a leading global integrated producer and supplier of coke, coking products, and fine chemical products, as well as related operation management service provider, is pleased to announce that on September 19, 2024, Risun Group and Sichuan Energy Investment Property Industry Group Co., Ltd. (“Sichuan Energy Investment Property Group”) signed the “Strategic Cooperation Agreement between Sichuan Energy Investment Property Industry Group Co., Ltd. and Risun Group Limited.” Additionally, Risun Group’s subsidiary, Risun Marketing Co., Ltd. (“Risun Marketing”), signed the “Operation Management Service Agreement between Sichuan Energy Investment Wangcang Coking Co., Ltd. and Risun Marketing Co., Ltd.” with Sichuan Energy Investment Property Group’s wholly-owned subsidiary, Sichuan Energy Investment Wangcang Coking Co., Ltd. (“Wangcang Coking”).
Sichuan Energy Investment Property Group, a wholly-owned subsidiary of Sichuan Energy Investment Group Co., Ltd., was established in April 2013 with a registered capital of 1.41 billion yuan. It focuses on trade, logistics and warehousing, achieving an organic integration of the industrial chain, supply chain, and capital chain. Wangcang Coking, a wholly-owned subsidiary of Sichuan Energy Investment Property Group, is located in Jiashan Town, Wangcang County, Guangyuan City. The coking project was completed and put into production in October 2010 and is a key enterprise in the post-earthquake reconstruction of Sichuan Province and a leading enterprise in the coal and coking industry in Guangyuan City.
According to the agreement, Risun Group will dispatch a professional service team to provide comprehensive production and operation management services for Wangcang Coking, including but not limited to coke product sales, chemical product sales, coking coal procurement, coal blending management, and transportation management. By introducing Risun’s 29 years of industry expertise in coking operation management, technology, philosophy, and capabilities, and utilizing information technology, automation, digitalization, intelligent technology, and the “Risun Cloud” industrial internet platform, the two parties will collaborate to diagnose the condition of Wangcang Coking’s facilities during the operation management service period, propose technical transformation suggestions, ensure stable operation of production facilities, achieve production targets and efficiency, maintain safety and environmental control, and meet ultra-low emission standards, thereby enhancing operational efficiency to industry-leading levels and achieving the goals of this agreement. Additionally, the two groups will deepen cooperation in related businesses, jointly planning the layout of the coal chemical industry chain in Sichuan and Southwest China, and writing a new chapter of win-win development.
