On July 6, 2023, the signing ceremony of the design and construction EPC for the comprehensive technical upgrade project and the EPC for the chemical pulp and alkali furnace energy-saving and emission-reduction - displacement heating project of Yueyang Linzhi Co., Ltd. was held at China Light Industry Changsha Engineering Co., Ltd. (hereinafter referred to as CEC). Ye Meng, Secretary of the Party Committee and Chairman of Yueyang Linzhi, Chen Rongrong, Deputy Secretary of the Party Committee and President of China Haisum, Xie Xianguo, Secretary of the Party Committee and Chairman of China Haisum CEC, Chen Taofang, Deputy General Manager of CCCC Fourth Engineering Co., Ltd., You Changshan, Deputy General Manager of Yueyang Linzhi and other leaders attended the signing ceremony.

At the ceremony, Yueyang Linzhi signed a comprehensive technical upgrade design and construction EPC contract with CEC and CCCC, and a displacement heating project EPC contract with CEC.

Ye Meng stated that Yueyang Linzhi's 450,000-ton cultural paper project is a "big show" in the development of the manufacturing industry in China Chengtong's capital operation system and an important link in the implementation of "14th Five-Year Plan" for China's paper industry. The signing of this contract adopts a new model built on the fully trust in and affirmation to the comprehensive strength of partners in the field of engineering construction. Both parties must effectively play the advantageous role of deep integration of design and construction, coordinate and solve problems in project advancement in a timely manner to ensure project construction success; solidly grasp project construction management, focus on details to ensure quality as well as safety to promote construction period, strive to win this battle with flying colors, form a benchmark brand, and further tighten cooperation ties, enhance cooperation friendship, and achieve win-win cooperation.

Xie Xianguo stated that the cooperation between Yueyang Linzhi and CEC has a long history. Yueyang Linzhi's comprehensive technical upgrade project and displacement heating are major milestones in the development process of Yueyang Linzhi. CEC will continue to adhere to the concept of "green ecology, energy conservation and environmental protection, and technological intelligence" and practice the responsibility of state-owned enterprises with a highly responsible attitude during the project implementation process. It will elect an excellent team to build a model project and boost Yueyang Linzhi's industrial transformation and high-quality development through digital technology utilized in the efficient management of design, procurement, and construction.

Chen Rongrong congratulated Yueyang Linzhi on its development achievements in recent years and thanked Yueyang Linzhi for choosing China Haisum CEC as the general contractor. China Haisum is a listed joint-stock company with general contracting, design, consulting, and supervision of engineering as its main business, and is the "trailblazer" of Poly Group's engineering field. In recent years, the company has achieved remarkable results in digital transformation. The signing of this contract once again affirmed the company's technological and industrial advantages in intelligent manufacturing business. The company will provide support and guarantee for project construction, effectively supervise and inspect the safety and quality of project construction, helping Yueyang Linzhi build a green, efficient, sustainable, world-class and highly competitive pulp paper base.

Design and Construction EPC Project for the Comprehensive Technical Upgrade of Yueyang Linzhi Co., Ltd.

This project was jointly won by China Haisum CEC and CCCC. As one of the key construction projects in Hunan Province, this project aims to build a new high-grade cultural paper production line with an annual output of 450,000 tons. After completion, it will become one of the world's most advanced control cultural paper machines with the largest design capacity and highest speed. Another chemical mechanical pulp production line with an annual output of 200,000 tons was rebuilt, with related public engineering systems upgraded.

EPC for the Chemical Pulp and Alkali Furnace Energy-Saving and Emission-Reduction - Displacement Heating Project of Yueyang Branch, Yueyang Linzhi Co., Ltd.

The project will build a new 200,000 tons/year sulphate method-based air-dried pulp displacement heating line, including a supporting wood chip preparation production line, which will be contracted by China Haisum CEC.

This signing is an important signal for a high-degree fit between all parties in terms of their development concepts and needs, which serves as a new starting point for the parties to achieve resource sharing, win-win development, and value co-creation.