March 24, HBIS CPC and Group Chairman Liu Jian Met POSCO Holdings China Chief Representative and POSCO (China) Investment Chairman and President Li Yuantie in HBIS Headquarter and agreed to deepen their strategic collaborations.

HBIS Vice President Li Zhangguo was also in the meeting.

Liu Jian welcomed visiting Li and his group and gave a brief introduction of the high-tech, intelligent and green development of HBIS. He said HBIS had always been pursuing an open, mutually beneficial quality development together with its partners all across the globe. The strategic cooperation between HBIS and POSCO has been long term and the performance of Joint Venture of Automobile Strip Plant had been very successful. He wishes that the partners could deepen their cooperation and make new progresses on higher productivity, product certifications and marketing. They could also strengthen their strategic collaborations in global steel market, exploring new opportunities.

Li Yuantie also introduced the performance of POSCO and gave high remarks to HBIS for its achievements on green & low carbon and Intelligent manufacturing. POSCO and HBIS partnership has been very smooth and regular communications have been deepening their strategic cooperation. POSCO (China) will be a bridge connecting the partners and help the JV to make new progresses and assist POSCO and HBIS to strengthen their strategic collaborations, explore more room for mutual growth.

HBIS Supervisor, HBIS M&A Department executives, POSCO (China) Business & Planning Office, Planning Department, Technology Department Executives were also in the meeting.