China Resources(Holdings)Co.,Ltd.

Chairman Fu Yuning Visits Japan

Time:2016-11-16Source:General Office

From November 9 to November 13, Group Chairman Fu Yuning and his delegation visited Kirin Holdings, Fujifilm Holdings Corporation, Mizuho Bank, Nomura Securities and other enterprises in Japan.

Chairman Fu Yuning and his delegation’s first stop was to meet with Kirin Holdings President Yoshinori Isozaki and its Representative Director of the Board Keisuke Nishimura. President Yoshinori Isozaki pointed out that China Resources Group developed rapidly in recent years, topping the list in multiple business fields in China. The joint-venture of Kirin Holdings and China Resources C’estbon Beverage have reported a satisfactory business performance in the last 6 years since its foundation. He believed that both sides will achieve more in the future. Chairman Fu indicated that CR Group will strengthen the cooperation with Kirin Holdings in consumer products, and explore more opportunities for new cooperation in bio-pharmaceuticals, pharmaceutical distribution, et cetera.

In the trip to Fujifilm Group, Chairman Fu Yuning met with its Chairman and CEO Shigetaka Komori, Senior Vice President and Chief Technical Officer Yuzo Toda, and etc. Chairman Shigetaka Komori said that facing with the market downturn of photography film, Fuji Film’s core business was impacted and reported significant fall. To tackle with the challenge, Fujifilm Holdings’ developed VISION75 as its new mission, which required the firm to restructure its R&D team and reallocate its resources. Fuji Film has successfully accomplished its transformation.

Chairman Fu expressed his admiration for Fujifilm Holdings’ positive spirit and Chairman Shigetaka Komori’s determination. He believed that the two sides will amplify the fact that Fujifilm subscribed stocks from CR Pharmaceutical for better mutual benefits and a win-win success with respective advantages in technology and channels. The two sides would join hands. The meeting ended with the signing of a Confirmation Letter of Cooperation to explore more joint work in fields of consumer products distribution, traditional Chinese medicine and funds.

During Fu’s visit in Japan, he held other meetings with various financial institutions including Mizuho Bank, Nomura Securities, which presented analysis reports on Japan’ macro economy, consumer products and medicine market segment. Moreover, in support of the CR Group’s “Going-out” Policy, the delegation reached out to local end markets for collecting first-hand information for future cooperation and investment to Japan local market.

The visit was accompanied by CR Group Assistant General Manager Wang Chuncheng, as well as representatives of CR Pharmaceutical, CR Enterprise and CR’s General Office.