On August 15th, a delegation led by Ms. Zenilda Leila Do Amaral Mandinga, Vice Governor ofIkolo-Bengo Province, and Mr. Luis Cupenala, Chairman of Angola-China Chamberof Commerce (CAC) visited the modern Phoenix Bridge Angola Industrial Park investedand constructed by Phoenix Bridge International Holding Group in Bom Jesus,Ikolo-Bengo Province, Angola. Mr. Song Zhuoya, CEO of the group and General Manager of Africa Division, led the management team of the Industrial Park to accompany the delegation throughout the visit.

The delegation visited the industrial park.

This visit not only shows the high attention of theAngolan government to Phoenix Bridge Industrial Park, but also highlights thepark's growing influence and brand value in the local area. The completion ofthe park marks an important breakthrough for Phoenix Bridge Group in theinternational strategic layout.

The delegation visited the factory building in the industrial park.

uThe scale andindustrial layout of the Industrial Park

The total investment of the Industrial Park is about 20 million US dollars,covering an area of 5 hectares, with a total construction area of 27,000 squaremeters. At present, five factories have been built in the Park, covering anumber of key industrial fields.

Wire Factory：

Annual production of copper/aluminum wires: 1,200 tons;

Extruded Board Factory：

Annual production of extruded board: 500,000 square meters(100mm)；

Annual production of sandwich panels: 800,000 square meters(50mm) .

Stone Factory：

The annual processing capacity of stone slabs: 120,000square meters.

Wood Factory：

Annual production of solid wood wall panels, flooring anddoors: 180,000 square meters.

Ventilation Duct Factory：

Annual production capacity of galvanized iron sheetventilation ducts is 150,000 square meters.

In addition to meeting the group's own needs, the above products will be gradually introduced to the market to satisfy the demands of all sectors of society.

General Manager Song Zhuoya introduced the situation of the industrial park to the delegation.

The delegation learned about the products produced in the Industrial Park.

The delegation team learned about the products produced in the Industrial Park

uThe delegation praisedand fully affirmed the development achievements

During the visit, vice governor Ms. Mandinga said , "This investment project originated from the investment invitation issued by our province to promote economic development. It fully complies with the strategic plan of our province to encourage investment.The landing of Phoenix Bridge Industrial Park is a powerful confirmation to the potential of our province andwill promote the progress of local industries and the upgrading of the economic structure."

Ms. Mandinga, vice governor of Ikolo-BengoProvince, was interviewed on-site.

Mr. Cupenala, chairman of Angola-China Chamber of Commerce, emphasizethat "This Park will not only create a large number of jobs to meet the domestic market demand of Angola, but also significantly reduce import dependence, increase domestic tax revenue, save foreign exchange expenditures,and have long-term significance for the Angolan economy."

Mr. Cupenala, chairman of Angola-China Chamber of Commerce (CAC), was interviewed on-site

uA win-win situation for both social and economic benefits

After the park is fully operational, it is expected to provide over 400job opportunities for local employees. Currently, more than 100 local employees from seven provinces of Angola have been hired. In the future, the Park will continue to carry out production skills training to improve the skill level oflocal employees and promote the overall upgrading of the industrial chain.

The delegation had aconversation with local employees in the Industrial Park

In addition, the products manufactured in the Industrial Parkwill not only meet the self-demands of the group, but will also be gradually expanded to the entire Angolan market and even the international market in the future, tohelp the internationalization of the group's brand and enhance its global competitiveness.

uGaining extensive media attention: the brand influence continues to increase

The completion and operation of the Industrial Park had gained extensive attention from the mainstream media in Angola. Mainstream media platforms suchas the National Television (TPA), Angolan Daily, and ZIMBO TV all conductedon-site reports, which further enhanced the popularity and influence of thePhoenix Bridge brand in the African region.

uLooking forward tothe future: deeply cultivate the local area and jointly create a new chapter of development

The successful completion of Phoenix Bridge Angola Industrial Park is an important achievement of the group's active response to the "Belt and Road Initiative" and deepening economic and trade cooperation between China and Africa. It is also a milestone in the steady advancement of the Group's internationalization strategy. In the future,Phoenix Bridge Group will continue to uphold the concept of "localized operation and sustainable development", and commit to injecting sustained momentumin to the economic and social development of Angola, to achieve a win-winsituation and common growth for the enterprise and the local community.

General Manager Song Zhuoya said, "the completion and opertation of Phoenix Bridge Angola Industrial Park is a solid step for the diversified development strategy of the group to be implemented in Angola, and itis also a significant measure for the group to layout overseas markets. We will introduce advanced manufacturing technologies and management experiences from China to empower the development of the construction industry in Angola. At thesame time, we are full of confidence in the Angolan market and will take root there to seek long-term development.

The delegation and the management team of the Industrial Park

Phoenix Bridge Group is writing a brand-new chapter ofwin-win cooperation on the vast African land with pragmatic actions and outstanding achievements, and making positive contributions to promoting friendly cooperation and common development between China and Africa.