On the afternoon of July 27, Shandong Heavy Industry Group SHIG and MNC Group Indonesia held a ceremony to sign a strategic cooperation framework agreement in Singapore. Mr. Tan Xuguang, Chairman of SHIG Group and Mr. Hary Tanoesoedibjo, Executive Chairman of MNC Group (Indonesia) discussed and signed the framework agreement.

MNC Group is a leading enterprise in the financial, media and energy sectors of Indonesia. SHIG Group will coporate with MNC Group to promote products to go overseas with financial overseas, build the competitive advantage of product, financial and brand integration, promote the group's full range of products to achieve a new round of take-off in the Indonesian market. Thereby, MNC Group will give full play to the resource advantages of MNC Group in Indonesia, fully provide financial leasing, brand publicity, marketing and other support for SHIG, continuously expand new areas of cooperation, and help expand its market leading position.