In 2020, Gu Shouquan, the chairman of Zhongbo Group, was invited by Chen Dexin, the then chairman of Jiuquan Iron and Steel Co., Ltd to visit the corporate and discuss cooperation on importing Mongolian iron ore and coking coal from China's Ceke Port. Chairman Gu Shouquan stated that Zhongbo Group has been engaged in the trading of coking coal and iron ore with Mongolia for many years, and we have maintained close contact with representatives from all walks of life in Mongolia. As the largest carbon steel and stainless steel production base in the northwest region, Jiugang Group needs to import a large amount of minerals from Mongolia to ensure its domestic market competitiveness. After the discussion, both parties reached a preliminary intention to further cooperate.