Accelerating the Process of Business Globalization | Huabao Joins Hands with Jababeka Industrial Park in Indonesia to Explore a New Chapter in Overseas Investment

From October 17 to 18, 2023, the Third Belt and Road Forum for International Cooperation was held in Beijing. As the first place where China proposed to jointly build the "21st Century Maritime Silk Road", over the past decade, China and Indonesia have adhered to the principle of extensive consultation, joint contribution and shared benefits, played their respective advantages, promoted common development, and become an important model of international cooperation under the "Belt and Road" Initiative. Huabao has responded positively to the call of the State, made full use of its technological advantages and industrial chain integration capabilities, seized the national strategic opportunity of the "Belt and Road" Initiative, accelerated the pace of "going out", and constantly deepened the cooperation with international partners.

Following the inspection of the Southeast Asian market led by Ms. YUAN Xiaoqin, Director and President of Huabao in May this year, the Company's Management Team has maintained good communication and continuous exchanges with customers, government agencies, and several major industrial parks of Jababeka in Indonesia, continuously consolidating the trust and consensus between both Parties in the development of the Indonesian food industry.

On October 18, 2023, on the occasion of the official release of the Joint Statement on Comprehensive Strategic Cooperation between China and Indonesia, Mr. Rudy Subrata, General Manager of Industrial Sales and Marketing Department of Jababeka Industrial Park in Indonesia, visited Huabao Shanghai Park. Ms. YUAN Xiaoqin, Director and President of Huabao, and Mr. WANG Hongqiang, Vice-President of Science and Technology Innovation Center of Huabao, Mr. ZHENG Guoguan, Head of Huabao Indonesia, and representatives of the Company's overseas business departments warmly received Mr. Rudy Subrata and conducted in-depth exchanges and cooperation negotiations on Chinese enterprises' investment in Indonesia with him.

As a leading food flavours and ingredients enterprise in China, Huabao is actively promoting international industrial layout and global business expansion, committed to making Chinese flavours go abroad. In this exchanges, the Overseas Business Team of Huabao shared the Company's business development plan and needed support in Indonesia with Mr. Rudy Subrata, and said that it would continue to deepen the cooperation between both Parties, increase investment in the Indonesian market, so as to promote the deep cooperation between both Parties in the field of edible flavours and ingredients, and provide more high-quality products and services to the Indonesian customers.

As a leading industrial park in Indonesia, Jababeka Industrial Park has always been committed to attracting domestic and foreign investment, providing comprehensive support and a superior business environment for enterprises. Mr. Rudy Subrata shared Indonesia's economic development, natural resources, and customs, as well as its investment environment, laws and regulations, and support policies. He also stated that it would further optimize the business environment, create more competitive industrial parks, and provide more convenient and high-quality investment conditions for Chinese enterprises, laying a solid foundation for cooperation between the two countries.

During the exchanges, both Parties unanimously believed that Huabao has great development potential in the Indonesian food and ingredients industry, which will bring broader development opportunities and cooperation space for both Parties, and further deepen the friendship and cooperative relationship between China and Indonesia.

This event reflects the close cooperation and friendly exchanges between China and Indonesia in the field of economic and trade, not only building a bridge for mutual benefit and win-win cooperation for enterprises of the two countries, but also providing new opportunities and impetus for promoting industrial development and international cooperation between the two countries. Huabao will deeply implement the "Joint Statement on Comprehensive Strategic Cooperation" between the two countries, accelerate the global industrial layout with its own technological advantages and industrial chain integration capabilities, continue to strengthen friendly exchanges and deep cooperation with related industries in Indonesia, and empower the joint development of the food industry of the two countries.