Source: Beijing Triumph International Engineering Co., Ltd.

Date: April 9, 2015

On April 8, 2015, Ma Mingliang, GM of Beijing Triumph International Engineering Co., Ltd., met with a team led by Mr. Ulyanov (President of Berydeta (Russia)) and Mr. Poteshkin (GM of Berydeta (Russia)), in Beijing. The two parties discussed issues concerning resumption of the cement project in Zeya, in depth.

With a view to the good cooperation on the preliminary stage, Ulyanov said, the Russian company valued CTIEC’s capability and experience of implementing projects in the countries of the CIS, and highly hoped that the cement plant in Zeya could be built up as soon as possible. Based on local market demands and estimate of economic benefits, the Russian company decided to divide the 5,000t/d clinker cement line in Zeya into 2 clinker cement lines, for completion in 2 phases. The Russian party will finance on its own, and entrust CTIEC with EPC general contracting and 3-year operation and maintenance service. Ma said, CTIEC would spare no effort to assist Berydeta in next work.