(June 21, 2017 – Shenzhen) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that Mr. Song Tong Yu, Committee Secretary of Longxu Distirct, Wuzhou, Guangxi; Mr. Lin Yuan, Vice Committee Secretary of Longxu District and Ms. Luo Yan Ping, Director of Publicity & Vice Governor of Longxu District visited the Group to conduct research, to give guidances and to listen the needs of enterprises.
Accompanied by the Group’s subsidiary Top Eagle International Trading Limited (“Top Eagle” or "the Company") whose representatives including Mr. Zheng Wei Min, the Managing Director and other top managers, the Longxu leaders had visited the Group's Shenzhen office and had a meeting about the latest recycling and production of aluminum ingots investment project in Wuzhou Import Renewable Resources Processing Park.
During the meeting, the Longxu leaders knew more about the situation of the investment project, and would try to make an arrangement for the project members to meet representatives of the related departments of Wuzhou Government in hopes of forming a project team as soon as possible.
In June 2017, Top Eagle entered an agreement wih Wuzhou Import Renewable Resources Processing Park to carry out a recycling and production of aluminum ingots project,with a target annual production capacity of 100,000 tonnes. The total investment amount is approximately RMB 350 million, which is used for construction of the processing plant and office premises, plant and machinery acquisitions and development of renewable aluminum industry chain to solve the dilemma with the current renewable aluminum industry in the Park.
Led by Mr. Guo Zhuang Ming, Vice Governor of Longxu District in mid-May 2017, Mr. Lin Deyao, the Director of Development and Reform Bureau, Mr. Li Xiong, the Director of Investment Promotion Bureau, Mr. Cai Weidong, the Director of Information and Technology Bureau, and other leaders had visited Realord Group to understand the needs of the investment project and provide assistance for the preliminary work.
Dr. Bryan Lin, Xiaohui, Chairman of Realord Group, said: "We, the Group, are honored to have Wuzhou Longxu District government leaders’ attention, advice and support. The executives of Top Eagle are now actively carrying out the preparatory work. We sincerely hope that our project be carried out into the production process soon. "
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About Wuzhou Longxu District
Longxu District was approved by the State Council of the Chinese Government on February 8, 2013. It is currently the largest and most potential new district in Wuzhou, Guangxi. The area has cultivated four large-scale industrial parks, such as Wuzhou Imported Renewable Resources Processing Park, Cangwu Industrial Park, Si Le Tang Industrial Concentration Zone and Social Science Industrial New Town, which have gathered the processing of renewable resources, nonferrous metal smelting, building materials, machinery manufacturing and forest Chemical, electronic equipment. Among them, Wuzhou Import Renewable Resources Processing Park is a demonstration base of "urban mining", "urban and country" and "closed-circle management", also as the key industrial park of Guangxi Zhuang Autonomous Region, the pilot industrial park of circular economy, and the core project of the development of renewable resources industry in Guangxi.