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[03-22-2017] Flurida Group Inc and China Bank Reached a Strategic Cooperation Agreement

March 22, Branch Governor Chen Fu Shan at Bank of China Chuzhou, Vice President Zhang Wenfei, Trade Finance Director Liu Lei and his entourage visited Chuzhou Fidelity Machinery and Electronics Co., Ltd., and Fidelity Group Chairman Ding Jianfeng, general manager of investment Li Fenglan, Settlement minister Ding Conge and others to hold talks, the two sides around a number of areas of financial cooperation in-depth exchanges.
With the guidance of President Ding, Mr. Chen and his group visited the product exhibition hall, central laboratory, Chuzhou factory and Quanjiao factory, especially ice-making shop with an annual output of 3 million sets and assembly production line ice-water machine in Quanjiao Factory, and had an in-depth and meticulous understanding of Flurida business development. Flurida has the leading ice and water system and production capacity and has been providing Electrolux, GE, BSH, Li Bohaier and other Fortune Global 500 household appliance enterprises with high-quality core components of home appliances and finished products. In recent years, Fidelity has a global leader in the development and production of ice water system, has been GE, Electrolux, Whirlpool, BSH, Li Bohaier and other other Fortune 500household appliance enterprises in the world with core components, like embedded auto icemakers. Ice-water machine researched and developed by Flurida has 19 national patents and is awarded as High-tech Products in province. This machine is the leading product in the field of home ice machine and kitchen and bathroom design.During the visit, President Chen affirmed the excellent performance of Chuzhou Flurida. Vice President Zhang, and Director of Trade Finance department, Lei Liu have been working with Flurida about 10 years and being greatly concerned for the growth of Flurida. They were amazed by Flurida¡¯s rapid development, advanced management mode as well as neat factory in recent years.
In the evening, President Chen held a reception dinner in the Bank of China.Vice Mayor of Chuzhou City Maosong Liu, Deputy Director of Land Resources and Real Estate Administration, Weigang Li and Deputy Director of Chuzhou National Economic and Technological Development Zone, Lihua Liuattended the dinner. Mayor Liu earnestly expected the strategic cooperation between Bank of China in Chuzhou and Flurida, and said that the Chuzhou Municipal Government will make every effort to help enterprises and encourage Flurida to accelerate the pace of listing and form a leading model.
Through this meeting, Bank of China and Flurida established an all-aspect strategic cooperative relationship. Bank of China in Chuzhou will integrate Chuzhou factory, Quanjiao factory andThailand factory with the help of Bank of China in Bangkok to revitalize the fixed assets of Flurida. At the same time, Flurida¡¯s credit line would be increased dramatically in order to promote the development of Flurida Group. Flurida decided to transfer foreign exchange business to Bank of China in Chuzhou, and Bank of China will create service programs according to Flurida¡¯s situation in foreign exchange lock and foreign exchange trading.
In addition, Bank of China in Chuzhouwill offer cross-border financial settlement services for Flurida in Thailand, provide Flurida with substantially financial support to build Asia headquarter project in Chuzhouand actively serve Flurida to raiseand monitor funds for listingand a wide range of financial services.The two sides will work together in a number of areas to achieve mutual benefits.

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