On October 23rd, Ms. Shirley Webber, Head of Global Resources and Energy Sector of Amalgamated Banks of South Africa Group Limited (ABSA), and her delegation visited the headquarters of Pengxin Mining. Zhao Yue, Chief Financial Officer of Pengxin Mining, and Zhang Wen, Deputy General Manager of the Investment and Financing Department, attended the reception, where both parties conducted discussions and full exchanges.

ABSA Bank is one of the largest financial services groups in Africa, providing anextensive range of financial services including personal and corporate banking,credit cards, corporate and investment banking, wealth and investment management and bancassurance. Headquartered in Johannesburg, South Africa, ABSA Bank employs more than 35,000 people and has offices in several countries and territories, including the United Kingdom, Germany, Singapore, Angola,Mozambique, Namibia, Tanzania and Zimbabwe. ABSA Bank is a financial institution with a significant presence in the African region, offering a wide range of financial services to its clients through continuous innovation and digital transformation, and is committed to driving sustainable and inclusive growth.

Ms.Shirley Webber and her delegation visited Pengxin Mining's corporate culture exhibition hall to gain a comprehensive understanding of Pengxin Mining's development history, strategic layout, business planning, corporate culture,social responsibility as well as other aspects of Pengxin Mining's resources sector in particular.

At the symposium, Zhao Yue, CFO of the company, warmly welcomed the visit of ABSA leaders, and made a detailed introduction of the company's industrial layout and investment and development planning. They discussed comprehensively and deeply about the company's industrial layout, business planning and operation mode. Both sides expressed that with the further strengthening of cooperation between China and African countries, China-Africa economic and trade cooperation will surely achieve even greater results. ABSA and Pengxin Mining will further strengthen communication, explore the potential of cooperation, and seek long-term development together.

Shi Chun, General Manager of Greater China of Amalgamated Banks of South Africa Group Limited,Avania Moosa, Resource and Energy Representative of ABSA South Africa Office,and Zhang Xueyu, Deputy General Manager of Personnel and Administration Department of Pengxin Mining, participated in the symposium.