Signing ceremony started in 11:00am with the cheerful music and salute.

 

Chairman Niu delivered passionate speech at ceremony, he said, Aneng company has become the conveyor belt manufacturer with largest scale, advanced technology and high market shares since cooperation. Today, we cooperate again to invest hose project, the production capacity will reach 100 million inch meters with investment of 200 million USD. The first phase will be 50million inch meter with investment of 120 million USD. This project include four main products, it will promote in high brand market. This hose project may increase sales revenue 2 billion USD, tax duty 500 million, offer 1000 work opportunities. It will be laid powerful foundation for Aneng to develop for the biggest conveyor belt and hose manufacturer.

 

Speaking of next development, Chairman pointed out that we will insist on launch new project, start real estate and captical operation to accelerate the develop of Hixih Group. Invest 10 billion CNY to nine projects as high pressure hose, steel wire, steel cord, automobile exhaust filter, cycle tyre, engineered tyre, environmental protection automobile. Finalize Aneng company IPO in HongKong successfully, ensure Hixih investment holding company the most outstanding investment company, realize double driving of entity economy and capital operation.

 

Finally, Chairman Niu said that Hixih is in more quicker, better and faster development phase, just like the car in the high speed road, there is only oil station with no parking lot, we must drive into fast lane, establish hundred year old enterprise, realize ever green industry base, try the best make Hixih rank into the global well-known transnational group.

 

President & CEO of Veyance Technologies Inc. Mr. Tim Toppen delivered the speech, he said, I was proud of such achievements that Aneng got in last three years, I’d like to thank Mr. Niu Yishun for his generous support and excellent leadership. We equipped with 3.2 meter curing line to meet customer’s requirement better. As the leader of high pressure hose project in the world, we will make good use of Aneng’s facilities, market share advantage and its influence to promote our new products. Next, we will extend the cooperation into other field to create win-win cooperation.

 

Yanzhou municipal party committee Secretary Tian Zhifeng said in the speech that this cooperation between Hixih Group, Carlyle Group and Veyance Technologies Inc. was a lighting point in economic development in Yanzhou. As the backbone enterprise, Hixih Group seized the good opportunity of open-up, developed into the largest rubber industrial base within 20 years. The new project symbolized joint cooperation entered a new stage. The government will try the best to offer good service for the construction of new project, will provide the strong safeguard for the project smooth implement. Hoped Veyance Technologies Inc. and Carlyle Group further increase their investment in the future, make efforts to complete joint venture to the internati