Recently, Mr. RABIU, Chairman of BUA Group, and his delegation visited Sinoma Construction Co., Ltd. and held a high-level meeting. The two sides fully exchanged views and reached an agreement on the implementation of the project under construction and further in-depth cooperation in the future. At the same time, we successfully signed the operation and maintenance contracts for Nigeria's EDO3 line and SOKOTO4 line. Tong Laigou, Executive Director
of Sinoma Construction, extended a warm welcome to Mr. RABIU and his delegation. This is the second meeting between the leaders of the two sides after their meeting in April this year. He said that the current economic turmoil in Nigeria, especially the sharp devaluation of the naira, is not a small blow to both sides. Sinoma Construction will work together with BUA Group to help each other and overcome the difficulties. He emphasized that cost is the key to win the future market competition. Sinoma Construction will provide all necessary support and services for BUA project, help BUA cement seize the cost advantage, and ultimately win the market, and spare no effort to promote BUA Group to achieve sound and rapid sustainable development. At the same time, the two sides will continue to deepen high-quality development and high-level strategic cooperation, and jointly create a new situation of mutual benefit and win-win cooperation.
Mr. RABIU expressed his heartfelt thanks to Sinoma Construction for its warm welcome. He said that Nigeria's new president has implemented a series of measures to promote economic development since taking office, and the current difficulties are only temporary, believing that Nigeria's economy is bound to move to a new and higher level of development. He expressed his gratitude to the Sinoma Construction Team for its understanding, trust and support as always, and believed that with the joint efforts of both teams, the win-win cooperation between BUA Group and Sinoma Construction will have a brighter future. He emphasized that the rapid development of BUA Group could not be separated from the help of Sinoma Construction. He thanked every member of Sinoma Construction Team for their hard work and constant temperature companionship for ten years. He hoped that both sides could establish and develop strategic cooperation in a deeper and wider scope and write a new brilliant chapter together. The successful signing of the operation and maintenance contracts
for EDO3 and SOKOTO4 production lines has realized the full coverage of the company's operation and maintenance business for all six existing cement production lines of BUA Group, created a new pattern for the development of the company's o peration and maintenance business in Nigeria, not only further consolidated and expanded the development of Sinoma Construction in Nigeria, but also expanded the development of Sinoma Construction in Nigeria. At the same time, it also injects new power engine into the "integration" development of the territorial company, and continues to deepen the company's "localization" strategy. Mr Kabiru Rabiu, CEO
of BUA Group, ENGR. YusufBinji, General Manager of BUA Cement, Mr Finn Arnoldsen, Non-Executive Director of BUA Cement, Wang Bin, Vice General Manager and General Manager of Technical Center of Sinoma Construction, Yang Zhi, Vice General Manager and General Manager of Marketing Center, Tian Bao, Regional Manager, and relevant personnel attended the meeting.