China Everbright Limited (“Everbright”, stock code: 165.HK) held a strategic cooperation signing ceremony with COSCO Shipping Financial Holdings Co., Limited (“COSCO Shipping Financial”) in Hong Kong, announcing the joint establishment of CEL Ocean & Harbour Opportunity Fund, a fund that will focus on emerging technologies and technology-driven applications, with an emphasis on industrial scenarios such as shipping, logistics and port terminals. Zhao Wei, Executive Director & CEO of Everbright, and Wang Daxiong, Chairman of COSCO Shipping Financial, signed a strategic cooperation agreement on behalf of both parties. Su Guang, Deputy General Manager of COSCO Shipping Financial, James Pan, Chief Investment Officer of Everbright, and Wang Yizhe, Managing Director of Everbright, as well as other senior management also signed relevant documents of the fund.

In the future, both sides will be able to ride on the back of the “Belt and Road” Initiative and make the most of the advantages from COSCO Shipping Financial in ports and industrial parks, as well as advantages from Everbright in cross-border asset management and the high technology sector, to deepen the cooperation. The companies will utilize their own respective strengths and characteristics, such as COSCO Shipping Financial’s shipping business, and the technological enterprises invested in by Everbright. This will support COSCO Shipping Financial’s shipping business and big data development with intelligence and technologies for its industrial businesses. In addition, both sides will further enhance their cooperation in the financial sector, including integrated packages, one-stop financial services and mutual industrial funds.