Long voyage Phoenix and Hubei Yihua Group signed cooperation framework Agreement

After the early stage and the Chongqing Changshou District reached strategic cooperative relations, Long Voyage Phoenix (000520) also announced with Hubei Yi-Group Co., Ltd. in Beijing signed the "Strategic cooperation framework Agreement." Data show that the group has a stable raw materials imports and exports of foreign trade logistics demand, products include urea, ammonium phosphate, ammonium, phosphate rock, coal, import sulfur, etc., the annual water transport logistics volume reached 4 million tons.　　Long Voyage Phoenix now has the Yangtze River, canals, coastal, ocean total capacity of more than 4 million tons, in the Yangtze River water transport, port transit, foreign trade agents, ocean Transportation and professional logistics, such as the full range of mature experience and unique advantages. Under the cooperation framework Agreement, Yi-Group agreed to all the Yangtze river water by the import of raw materials, product exports, such as priority to choose the Phoenix carrier, long voyage Phoenix agreed to the group as a long-term strategic customer waterway transport, increase capacity input, full, priority to meet the needs of the Yi Group in the transport of materials and water, The group provides high quality waterway transportation logistics services.　　The two sides signed a long-term agreement on specific waterway transport according to the actual situation of waterway transportation materials. In addition, the two sides also indicated that they would strengthen broad cooperation in the fields of capital, assets and investment.　　After the implementation of their internal approval procedures, we can further explore and take joint investment, joint investment and other forms of cooperation, and actively carry out terminals, warehouse construction, Logistics Base and shipping companies and other fields of in-depth cooperation. Long voyage Phoenix said that the strategic cooperation, the company's Yangtze River region supply market share and income growth will have a positive impact, conducive to the gradual development of the company, expand Foreign trade import and export cargo transport. The signing of the strategic Cooperation Agreement, the consolidation and development of major customers and the cooperative relationship, is conducive to enhance the company's core competitiveness and corporate brand image. However, due to the signing of the strategic Cooperation Agreement, mainly on the future cooperation between the two sides made a general plan, intentions and ideas, specific cooperation is actively planned.