Shao Jun, Founder and Chairman of China Cement Network, and His Delegation Visited Fu Jun, Party Secretary and Chairman of Yipuli Company

On April 25, Shao Jun, founder and chairman of China Cement Network, and his delegation visited Fu Jun, party secretary and chairman of China Gezhouba Group Yipuli Co., Ltd.

Fu Jun warmly welcomed Shao Jun and his delegation and introduced the relevant situation of Yipuli.

Yipuli Company is affiliated to China Energy Engineering Group Co., Ltd., a central enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council and one of the world's top 500 companies, and is a holding subsidiary of its important member enterprise, China Gezhouba Group Co., Ltd. It is China's leading large-scale civil explosive enterprise integrating scientific research, production, sales and blasting services in a complete industrial chain. It is one of the few enterprises in China that not only has the qualifications of production, sales, import and export of civil explosives, but also has the first-class qualifications of "general contracting of mining engineering construction" and "commercial blasting operation unit". In February

this year, Nanling Civil Explosion purchased 95.54% of Yipuli's shares by issuing shares at a transaction price of 5.357 billion yuan. This is also the first case of "A dismantling A" landed in 2023. After the acquisition, the permitted explosive production capacity of Nanling Civil Explosion will increase to 560,000 tons, and the industrial detonators will reach 284 million rounds. Nanling Civil Explosion has also become the listed company with the largest production capacity in the civil explosion industry.

On March 15, Nanling Civil Explosion held an interim shareholders'meeting to consider and pass a series of bills such as the change of the board of directors. At the subsequent board meeting, Fu Jun was elected chairman of the company.