From March 30 to 31, IBI (603613.SH) and RIC Group held discussions and signed a strategic cooperation agreement in Beijing. Member of the Punjab Provincial Assembly of PakistanRana Iqbal, RIC DirectorRana Bilal Iqbal; IBI Senior Vice President, TDDCEOLiu Zhai, IBI Vice President, FDDCEOYin Haifeng, IBI Cross-border Strategic Planning Department General ManagerKadirand others attended the signing ceremony. Both parties engaged in in-depth discussions on multiple sectors including agriculture, chemicals, and new energy.

RIC Group was established in 1995 and is Pakistan's leading diversified group, with businesses covering agriculture, fertilizers, mining, food processing, technology solutions, and international trade. It has business units such as Niha USA, IFRA FOOD, RIC Farm, and RIC Mining. In the fertilizer sector, RIC has a network of over 5,000 distributors, storage capacity exceeding 100,000 tons, annual fertilizer sales scale exceeding 200,000 tons, and annual sales revenue exceeding 25 billion Pakistani Rupees. It also owns a 250-acre research farm with the capability to demonstrate and promote fertilizers and agricultural technology. In the food processing sector, IFRA FOOD has advanced freeze-drying and dehydration production lines, capable of deep processing spices, vegetables, and fruits. In the mining sector, RIC Mining is developing high-purity silica resources in Balochistan, targeting applications in industrial silicon, polysilicon, semiconductors, and solar energy fields.

Rana Bilal Iqbalstated: "RIC Group has a mature fertilizer distribution network, deep agricultural roots, and rich localized operational experience in Pakistan. This strategic cooperation with IBI will fully leverage RIC's local channel advantages and IBI's platform resources, supply chain integration, and digital technology. Using this signing as a starting point, we will jointly create a benchmark model for China-Pakistan industrial collaboration."

Liu Zhaistated: "IBI is a leading domestic B2B e-commerce and industrial internet platform, based on industrial e-commerce and supported by industrial big data and digital technology. It is committed to providing online commodity transactions, business information services, and digital technology services for related industries. Its Duoduo platform involves numerous industrial fields such as bulk chemicals, agriculture, light industry, new materials, and new energy, forming a deep linkage with RIC Group's industrial advantages. We hope to fully leverage the synergy between Duoduo platforms, platform capabilities, supply chain resources, and cross-border service capabilities to promote deep collaboration with RIC in the fertilizer industry, new energy, regional headquarters construction, and China-Pakistan industrial trade platform, jointly building a long-term, stable, mutually beneficial, and win-win strategic cooperation relationship."

Yin Haifengstated: "As a core subsidiary of IBI, FDD focuses on the agricultural sector and has been deeply involved in the fertilizer industry chain for many years, establishing a mature digital supply chain service system. This long-term strategic cooperation between both parties will form a synergy of advantages, continuously deepening the promotion of fertilizer industry cooperation, using IBI South Punjab HQ as a regional landing point, jointly building a China-Pakistan industrial collaboration platform, achieving resource sharing, complementary advantages, and long-term win-win."

IBI Cross-border Technology Center General ManagerWei Lifeng, FDD Vice President, Indonesia Operations Center HeadLiu Zhiyuan, TDD Cross-border Risk Control Department ManagerWang Shuyanjointly participated in this discussion.