Shanghai Municipal Party Secretary Chen Jining met with Jacob Wallenberg, a member of the Shanghai Mayor's International Entrepreneurs Advisory Conference and Chairman of the Board of Directors of Sweden's Yinruida Group this morning. Chen Jining said that this year marks the beginning of China's “15th Five-Year Plan.” As China's economic center city and a frontier window for reform and opening up, Shanghai has unswervingly expanded its high-level opening-up to the outside world, accelerated high-quality development, and provided a long-term, stable and predictable development environment for global enterprises to continue to cultivate in Shanghai. Yinruida Group has long-term good cooperation with China and Shanghai. As the pace of urban renewal, industrial transformation, and technological innovation in Shanghai continues to accelerate, the consumption structure changes rapidly, providing a broad space for various enterprises, including Yinruida Group, to develop in Shanghai. We welcome continuing to increase our business layout and investment in Shanghai and participate more deeply in the green and intelligent transformation. Make better use of its unique advantages and role as a bridge link, rely on open platforms such as consultation meetings to put forward more valuable suggestions for Shanghai's urban development, and better promote economic and trade exchanges between China, Switzerland, and China and Europe. We will continue to optimize the business environment in the direction of marketization, rule of law, and internationalization, accelerate the improvement of regulatory and legal systems compatible with a high level of openness, and help global enterprises achieve win-win development in deepening cooperation. Jacob Wallenberg said that Yinruida Group has deep ties with China. Shanghai is an important city in the Group's global investment layout. The purpose of visiting Shanghai with a delegation from the Group's board of directors was to have a more comprehensive and in-depth understanding of the latest developments in China and Shanghai in various fields such as commerce, industry, and technology, and to further deepen practical cooperation with each other. Being fully optimistic about China's development and Shanghai's development will continue to increase investment and layout efforts in China in Shanghai, give better play to the role of the members of the consultation meeting as a bridge and link, and contribute more to the healthy and stable development of economic and trade relations between Switzerland, China, and Europe.

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