Nepal's Deputy Prime Minister and Finance Minister Visits Nepal's Red Lion Hope

in Nepal, Dr. Yuba Raj Khatiwada, Deputy Prime Minister and Minister of Finance of the Government of Nepal, visited Nepal Red Lion Hope Cement Co., Ltd. to learn about the production and operation on the spot and the matters to be coordinated, affirmed the achievements of Red Lion Hope Cement Project and expressed his full support. Twenty-one people, including Bislu Prasad Nipper, Director of the General Administration of Taxation of the Ministry of Finance of

Nepal, Tilak Mahado, Member of the Central Parliament of Navapur Constituency, and Puna Bahadu Kati, Speaker of the Fifth Provincial Assembly, accompanied the inspection. Mr. Moore, the Nepalese partner representative of

Red Lion Hope Cement Project, and Lai Weipeng, the general manager of the company, led all the members of the management team to warmly receive Vice Premier Yu Ba and his delegation. Vice

Premier Yuba and his delegation visited the company's production control center and held a discussion in the conference room. After watching the promotional film of Red Lion Group's corporate image and listening to the introduction of Red Lion Hope Cement Project, Vice Premier Yu Ba highly appreciated Red Lion Group's transnational development concept, Red Lion Hope's technological environmental protection level and project construction speed. Red Lion Group has invested in large-scale cement projects in Nepal, manufacturing cement in a "low-carbon, safe and environmentally friendly" way, which has improved the overall level of Nepal's cement industry and provided high-quality cement for Nepal's infrastructure construction. Nepal needs such a powerful enterprise as Red Lion Group to invest in the construction of such a large-scale project with "advanced technology and first-class environmental protection" as Red Lion Hope, to create a new "engine" for Nepal's economic development, and to form a demonstration leading and driving effect.

Regarding the coordination of mine roads, transmission lines and forest land approval that Red Lion hopes to have at present, Vice Premier Yuba said that as Vice Chairman of the IBN Board of Directors, he would report to the Prime Minister on a special topic and convene the IBN Board of Directors to study specific measures to solve practical difficulties for foreign-funded enterprises, ensure their normal production and operation, and reduce costs. Promote economic development for the benefit of Nepalese society. Lai Weipeng, General Manager of

Red Lion Hope, presented the panda silk embroidery mahogany ornaments with Chinese traditional characteristics to Vice Premier Yuba, introduced the basic situation of Red Lion Group, the construction and production and operation of Red Lion Hope Cement Project, and reported on the matters to be coordinated. President Lai said that Red Lion hoped to give full play to the advantages of Red Lion Group in cement manufacturing technology, technology and management, strengthen internal management, improve the quality of operation, actively participate in local public welfare undertakings, achieve inclusive growth, and make due contributions to Nepal's economic and social development.

Nepal Red Lion Hope Cement Project, jointly invested by Red Lion Group and Nepal Hope Group, is one of the key projects of Red Lion Group's "Belt and Road" project, with a total investment of US $3.5 billion, and will build a clinker cement production line with a daily output of 6000 tons . With an annual output of 2.3 million tons of high-grade cement, the main project was started in January 2017, ignited and put into operation in May 2018, and the waste heat power generation was connected to the grid in June and the cement was officially sold to the outside world. At present, the production and operation are gradually normal. The project is currently the largest foreign direct investment industrial project in Nepal. At the Nepal Economic and Investment Development Forum 2018 held in Kathmandu recently, former Nepalese Prime Minister Prachanda personally awarded the "Best Foreign Direct Investment Project KAROBAR EXCELLENCE Award" to the Red Lion.