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Lunar New Year Message from Tang Fuping and Guo Wenqing

As we bid farewell to the hardworking and rewarding year of 2017 and ushering in the promising, exciting year of 2018, we, together with all the other members of the Party Group and corporate executives of China Minmetals, would like to extend our heartfelt greetings and highest respect towards the 200,000 employees for their great job done in the past year all over the world; and send our New Year greetings and best wishes towards all the employees who are still on duties at this moment, towards our retirees and employee families who stand behind us all the time, towards our partners who are walking with us towards common prosperity, and towards all the government officials and people from different walks of society who have shown us their support.

The year of 2017 was a milestone year for our Party and country. It convened the 19th CPC National Congress and led us into a new era of socialism with Chinese characteristics, marking a great leap from national independence, self-reliance towards prosperity. The future ahead looks promising and is worth fighting for.

The year of 2017 was the best year for our company. We deepened reform on all fronts, returned to the essence of business management, vigorously pushed ahead the five major tasks of reducing excess capacity, stock, and cost, deleveraging and making up for weakness, improved the balance sheet, produced initial results out of the lean organization strategy, and continued to improve the operational quality. Last year, we upheld the resource-centered strategy and the Las Bambas copper mine and the Dugald River zinc mine proved successful, consolidating our strength in the global mining industry. Last year, we actively embraced the Belt and Road Initiative and launched metallurgical engineering projects for Formaosa Plastics Group in Vietnam and the China-Malaysia Kuantan Industrial Park. Last year, we sped up the progress of three major projects of new materials at the same time to explore new business lines and foster new growth impetus, and our business was more diversified, maturing and growing steadily and robustly, with much improvement in quality. Last year, we invested hugely into technology innovation and scored remarkable achievements with the lithium resource of salt lakes, the polysilicon technology and marine exploration. Last year, we continued to strengthen management, launched the financial management and settlement system, raised the awareness of cost management and significantly reduced risky items and assets. Last year, we studied, publicized and implemented the decisions made at the 19th CPC National Congress and the Xi Jinping Thought on Socialism with Chinese Characteristics for the New Era, and continued to strengthen Party discipline and Party building.

The new era is breeding a new look and the new mission calls for new actions. The year of 2018 is critical for our learning and implementation of the decisions of the 19th CPC National Congress, for our endeavors to develop a moderately prosperous society in all fronts, marks the 40th anniversary of China’s implementation of the reform and opening up policy, and will bear witness to the effects of our corporate reform. We shall carry out the pilot project of the state-owned capital investment company to accelerate comprehensive reform, improve corporate governance and control, optimize the capital and asset structure, and strengthen Party leadership and building. The task ahead is arduous and glorious and requires unremitting, concerted efforts of all of us.

Dear colleagues, it has been our dream for generations to build into a world-class metal and mineral company with significant international influence and capable of safeguarding national interests. The work we did last year has laid a solid foundation for us to aim higher in the upcoming year. Let’s continue to follow the instructions of the CPC Central Committee, comprehensively implement the decisions of the 19th CPC National Congress, uphold the Xi Jinping Thought on Socialism with Chinese Characteristics for the New Era, remain true to our original aspiration and bear our mission firmly in mind. While ensuring the national supply of metal resources, we shall aim at building into “a leading resource supplier, a national team of metallurgy, and a comprehensive industrial service supplier”, actively embody the corporate philosophy of “cherish limited resources and pursue boundless development”, and seize every day to fulfill our mission in the new era with unyielding faith, loyalty and passion, and build China Minmetals into a world-class company with efficiency and quality services and products as soon as possible.