CPI Group and Alcoa signed a letter of intent for joint venture

On September 13, the signing ceremony of the letter of intent between the group company and Alcoa's high-end aluminum processing project cooperation joint venture company was held in Beijing. The move marked a crucial step in the strategic partnership between the two parties and entered a new stage of development. Group company **, general manager Lu Qizhou, party member, deputy general manager Yu Dehui, general legal counsel Wu Jianghong, and Alcoa chairman and chief executive officer Klaus Kofied, vice president of strategic planning Kai Megs, Daniel Cruz, Vice President of Public and Government Affairs, Julia Stern, Vice President of Mergers & Acquisitions, Chen Jinya, Vice President of Global Alliances and Asia Pacific Region, and Wang Xiaoyan, US Ambassador to China attended the signing ceremony. Lu Qizhou and Klaus Kffeld signed the letter of intent on behalf of both parties. Yu Dehui and Julia Stein on behalf of both parties addressed the ceremony.

Prior to the signing ceremony, Lu Qizhou and Klaus Kofide held friendly talks. Lu Qizhou stated that the group company attaches great importance to the cooperation with Alcoa and hopes that the two sides will cooperate extensively in high-end aluminum processing and overseas projects based on the principle of strong cooperation and mutual benefit.

Claus Kofffeld said that the signing of the letter of intent for the joint venture means that since the signing of the memorandum of understanding, both parties have made substantive progress in their cooperative relations. He himself looks forward to the formal establishment of the joint venture. The signing of the joint venture letter of intent will make both parties more competitive.

Relevant department heads of the company's General Office, Planning and Planning Department, Finance Department, Capital Markets and Equity Department, Political Affairs Department, International Business Department, and Aluminum Department and related personnel from Alcoa participated in a series of activities.

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