11/30/23, 11:00 AM

Nov. 2023 – Capchem Chairman Johnson Qin met with Citi Chief Executive Officer Jane
Fraser, reviewing the company’s international strategy toward the global coordinated development of the industrial supply chain. The company is specially focused on the global trend toward carbon neutrality and the rapid growth in the new energy vehicle (NEV) sector.

Europe and the United States have become a key part of Capchem’s international strategy, with a $20 million investment in a battery chemicals production base in the U.S.

Following a discussion on the global economy, Sino-US trade development, and Citi's business and service changes, Ms. Fraser commended Capchem's achievements in developing its global strategy. She expressed Citi’s interest in partnering with international
companies and providing support for Chinese companies’ cross-border projects.

Citi is the world's most global bank, serving clients in nearly 160 countries and jurisdictions. Fraser is committed to making Citi the preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home
market of the U.S.