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REPUBLIC OF MORDOVIA AND CHINESE CORPORATION CIMC ARE READY TO COOPERATE

April 15-16, 2014 the commercial and marketingdirector of CIMC Enric Holdings Limited (Chinese People’s Republic) John Hongand the representative of CIMC Corporation in CIS Iskander Allamuratov made aworking visit to Mordovia development Corporation. The company is a leading solutions provider in the naturalgas industry and one of the leading producers of equipment for gastransportation and storage, gas processing and gas-filling stations.

In February 2014 the Ministry of Economy of theRepublic of Mordovia and Corporation CIMC Enric Holdings Limited signed anagreement on cooperation in Chongqing (China). This agreement is reflected inthe record of the first meeting of the Joint Working Group on cooperation intrade-economic and humanitarian fields of the Volga Federal District and theUpper, Middle Yangtze River of China.

The Visit of delegation from CIMC Enric HoldingsLimited and “Noviteh” LLC (Tyumen) to Mordovia was a follow-up of theagreement.

During the visit, representatives of CIMC Corporationvisited Technopark Mordovia, poultry"Atemarskaya" , JSC"MordovAgroMash", “Mordovia development corporation",«Ruzkhimmash" NPO "NEFTEGAZMASH." April 16, the CIMC delegationwith Vladimir Sushkov, the Head of the Government of the Republic of Mordovia. Onthe meeting there was considered a number of possible projects for joint implementation.“There are all the conditions for business development in Mordovia. We areready to cooperate”, said Vladimir Sushkov.