The provincial government of the Western Cape in South Africa, along with a delegation of senior executives from Standard Bank, conducted a significant visit to Changxing Group. The core focus of this visit was to strengthen China-South Africa cooperation and promote Changxing Group's business development in South Africa and across the African continent.

During the visit, the Western Cape provincial government demonstrated its proactive stance toward promoting regional economic development and international cooperation. Government representatives explicitly stated their commitment to helping Changxing Group connect with more South African brands. This initiative will not only open up new business opportunities for Changxing Group but will also facilitate the international expansion of local South African brands.

Furthermore, the Western Cape provincial government pledged its support in assisting Changxing Group to accelerate the registration of the Global Agricultural Cooperation Center (GACC), which will provide a more convenient platform for collaboration and exchanges in the agricultural sector. Additionally, the government expressed its commitment to supporting Changxing Group in introducing new resource-based food products, thereby enriching the food market in South Africa and the broader African region and enhancing the quality of life for local residents.

Standard Bank, one of Africa's largest financial institutions, had its senior executives commit during the visit to providing international trade financial support to Changxing Group. This includes, but is not limited to, trade financing, foreign exchange management, risk assessment, and other services aimed at reducing financial risks in international trade and improving the efficiency of capital utilization. Moreover, Standard Bank will assist Changxing Group in facilitating the implementation of local investment projects in Africa. Leveraging its extensive network and resources across the continent, the bank will provide investment advisory services and project matchmaking to support Changxing Group’s long-term development and investment returns in Africa.

The joint visit by the Western Cape provincial government and Standard Bank marks a new phase in China-South Africa cooperation. The collaboration between the two parties will not only create new development opportunities for Changxing Group but also inject fresh momentum into the economic growth of South Africa and the entire African region.

Changxing Group warmly welcomes this visit and looks forward to deeper collaboration with the Western Cape provincial government and Standard Bank across multiple sectors in the future, jointly ushering in a new chapter of China-South Africa cooperation.

We firmly believe that through collective efforts, we can achieve mutual benefits and make greater contributions to the economic and social development of both China and South Africa.