On September 11, 2024, Wang Shi, Founder and Honorary Chairman of Vanke Co., Ltd., and Founder and Chairman of the Board of Destone Acquisition Corp, visited GEM-Indonesia, QMB Park for a site tour and exchange of ideas. Wang Shi and his delegation were warmly received by Professor Xu Kaihua, Chairman of GEM, and Ms. Wang Min, Co-Controller and Board Director of GEM.

Amidst the welcoming cheers from representatives of Chinese and Indonesian employees at QMB, Chairman Wang Shi and his delegation embarked on a tour of the “Technology + Intelligence + Green” high-tech industrial park. They visited Indonesia's first world-class Nickel Industry Museum, the Cloud Control Center, the Innovation Center, and key workshops. Wang Shi engaged in discussions with Chinese expatriate PhDs and Indonesian students trained in China, gaining insights into GEM’s journey of integrating industry, technology, and culture. He praised the park's green development and its contributions to technology and culture in Indonesia, inscribing “Revive the Bandung Spirit!” as a complement to his high regard for QMB's achievements. His visit highlighted the exemplary role of Chinese private enterprises in promoting green, technological, and cultural initiatives under the Belt and Road Initiative. Chairman Wang Shi and his delegation also visited the QMB Park’s residential area for Chinese and Indonesian employees, examining the facilities and amenities for daily life and recreational activities. They experienced the fitness facilities and enjoyed coffee at the employee café. Wang Shi expressed his admiration for QMB's outstanding efforts in employee welfare and social responsibility.

Following the tour, Chairman Wang Shi and his delegation took part in a “Chinese Enterprises' Overseas ESG and Low-Carbon Forum” with representatives from IMIP enterprises such as Dexin, BTR, Zhongqing, MTI, and ChengTok Lithium Indonesia. The discussion focused on sharing experiences and insights on international business operations. Chairman Wang highlighted that many Chinese enterprises going abroad face the challenge of “three inadequacies,” suggesting that entrepreneurs adopt a more proactive approach to integrating with local cultures and building strong relationships with local governments, media, and communities. He encouraged Chinese companies to forge a positive international image through green development models and to unite for collective growth. He expressed his deep admiration for the pioneering and resilient spirit demonstrated by private entrepreneurs, like Professor Xu Kaihua, and their commitment to green and low-carbon development, amidst the rapid development and complex challenges in IMIP.

Chairman Ding Liguo of Delong Steel Group emphasized that the goal of Chinese enterprises operating overseas has shifted from merely surviving to pursuing sustainable development. He pointed out that while focusing on industrial innovation and upgrading, companies should also actively embrace and implement ESG (Environmental, Social, and Governance) principles.

Professor Xu Kaihua, Chairman of GEM, remarked that Chairman Wang Shi has been a prominent figure witnessing and contributing to China’s reform and opening-up over the past 40 years, with Vanke being a quintessential example of this era’s development. He highlighted three key qualities to learn from Chairman Wang: The pioneering entrepreneurial spirit that prioritizes both national and global perspectives. The determination to challenge oneself, symbolized by Wang’s ascent of Mount Everest. The unwavering commitment to promoting and practicing green development.

GEM’s Deputy General Managers Lou Huiyou and Zhang Wei, along with Peng Yaguang, Deputy General Manager of GEM and General Manager of QMB, were also present to welcome Chairman Wang and his delegation.

Representatives of Chinese and Indonesian employees from QMB warmly welcome Chairman Wang Shi (center, front row) and his delegation

Chairman Wang Shi (sixth from right) and his delegation take a group photo with QMB’s Chinese and Indonesian employees in front of the "Nickel Wall"

Chairman Wang Shi (center, front row) and his delegation visit the QMB Nickel Industry Museum

Chairman Wang Shi (sixth from right) and his delegation take a group photo in the QMB MHP product display area

Chairman Wang Shi and his delegation engage in a discussion on ESG and low-carbon development with representatives of companies in the IMIP

Chairman Wang Shi delivers a speech

Chairman Ding Liguo of Delong Steel Group delivers a speech