We signed insurance cooperation agreement with China Nonferrous Metal Mining (Group) Co., Ltd.

From：Administration Office    Author：  Editor：  Hits：

 Speech from Zhang Weigong

President and Director in General  of Sunshine Property and Casualty Insurance Company Limited

    On Jun 9, 2006, we signed insurance cooperation agreement with China Nonferrous Metal Mining (Group) Co., Ltd., ten mainstream economic media covered in the spot ,such as: Financial News, China Insurance News, China Securities.

    According to the agreement, during the cooperation period, all the insurance business of China Nonferrous Metal Mining (Group) Co., Ltd. will insure in our company. Besides the insurance and relevant business, cooperation both sides include enterprise risk management, insurance business, staff personal insurance and other fields that two sides need. The detailed scope of insurance business will contain Property Insurance, Construction Insurance, Cargo Transportation Insurance, Public Liability Insurance, Products Liability Insurance, Directors &Officers Liability Insurance, Manager Personal Accident Injury all risks Insurance, Staff accident & Household Property Insurance, and Enterprise &Staff Auto Insurance etc.

Speech from Luo Tao

 General Manager of China Nonferrous Metal Mining (Group) Co., Ltd.

    At the ceremony of signing, Speech from Luo Tao, General Manager of China Nonferrous Metal Mining (Group) Co., Ltd. said that since set up in 1983, China Nonferrous Metal Mining (Group) Co., Ltd. signed many cooperation agreements during the 20 years of development, but it was their first time to sign insurance cooperation agreement. According to introduction, China Nonferrous Metal Mining (Group) Co., Ltd. is carrying out the strategy of” walk out”, makes use of” two markets, two kinds of resources”, attends international cooperation actively in the more broad fields and higher levels with strong technology and international management experience now. Luo Tao, General Manager, expressed that at the same time of prosperous development, risks of China Nonferrous Metal Mining (Group) Co., Ltd. were increasing day by day. GROUP had attached importance to this, took series of measures including select Sunshine Insurance to respond actively. He believed that with the help of Sunshine Insurance and scientific risk management, GROUP would develop more steadily and faster. He also expected that Sunshine Insurance could walk out and develop overseas business together with China Nonferrous Metal Mining (Group) Co., Ltd., guarantee china &foreign construction projects and manufacturing business of China Nonferrous Metal Mining (Group) Co., Ltd. could develop continuously.

    During the speech, General Manager Luo Tao gave higher admiration to us. He thought that although Sunshine Insurance was a new company that set up less than one year, attracted lots of excellent talents and professionals by particular corporate culture, good shareholder background and advanced business idea, made great achievements. At present, Sunshine Insurance has 13 filiales of province level setting up, another 6 filiales got the approval to construct. Developing business fast, cooperated with international famous reinsurance companies at the same time, got the most strong insurance ability and best reinsurance agreement condition from new insurance companies, supplied the necessary conditions and guarantees for core business, large projects insurance and exploration of overseas business. Sunshine Insurance has higher quality, good growth, reliable brand image established during the development gradually and appeared primarily.

    Zhang Weigong, President and Director in General , indicated that as the risk management consultant and business insurance undertaking company for China Nonferrous Metal Mining (Group) Co., Ltd., Sunshine Insurance would supply professional risk management plan and insurance as well as the relevant services, support China Nonferrous Metal Mining (Group) Co., Ltd. to develop better, realize both sides to grow together.

    News links: CNMC is a state-owned enterprise under direct supervision of SASAC, the first central corporation to build nonferrous metal industry engineering projects and explore shortage nonferrous metals resources such as: copper, cobalt, nickel, lead, zinc and aluminum, also as an enterprise that develops and holds nonferrous metals resources most outside the border. Through the development of more than 20 years, CNMC forms three main businesses of nonferrous metal mining resource exploiture, construct engineering, relevant trade and services gradually, becoming the lead of “walk out” in China nonferrous metal industry. Set up office and business institutions in more than 20 countries and areas, has been registered “in the global 225 largest international engineering contractors” judged by ENR, U.S.A.

Publish date：2006-6-14