In view of the long-term development and strategic cooperation with its major international customers, and the Group's existing international operation and management experience in the Belgian plant, the CPMC Holdings Limited announced that it will set up its second aluminum two-piece can joint venture plant in Mid-Eastern Europe. The signing of the Framework Agreement signified the Group's establishment of its second two-piece can company in Europe, which fills up the gap in the Group's market layout in Mid- Eastern Europe, effectively enhance the Group's production capacity and popularity in such area, further increase the Group's ability to provide supporting services to the surrounding customers. At the same time, the implementation of this project will optimize the Group's
market layout in Europe and form a synergy effect with the Group's Belgian plant in Western Europe, and thereby enhance the overall competitiveness and investment return under the Group's overseas strategy.