Laos Jixiang Cement and ASEAN Energy Technology Sign Project Lease Agreement

On May 10, Laos Jixiang Cement Co., Ltd. and ASEAN Energy Technology Co., Ltd. held the signing ceremony of the Project Lease Contract in Vientiane Energy Investment Building, Laos. The signing of the agreement between Hu Yixiao, General Manager of Jixiang Company, and Yang Junhua, Chairman of ASEAN Energy Company, as representatives of both sides, marks the beginning of a new chapter in the revitalization of the assets of Jixiang Cement Project in Laos. The cooperation at

the

signing ceremony is a key step for Jixiang Cement Plant to regain its new life after its shutdown. Relying on the operational capacity of ASEAN Energy Technology, the company will efficiently activate the mature 2500t/d production line and mining resources of the plant, improve efficiency and reduce costs through lean management, explore innovative modes of comprehensive utilization of resources, give full play to the advantages of energy technology, inject innovative power into Jixiang Cement, and promote its green and sustainable development. After the signing of the contract, the two sides will set up a joint working committee to promote the transfer and resumption of production of equipment in a "day as a unit" and strive to achieve an early release of production capacity.

This rental cooperation is a model of practicing the concept of "market-oriented operation, asset revitalization and win-win cooperation". The Laos region will fully coordinate resources, support the rapid resumption of production of the project, and help Laos develop its economy with high quality.