china overseas development and mcdonald's lead the cross-pg电子(中国)官方网站

(hong kong, september 25, 2017) china overseas land & investment corporation ("china overseas land & investment" or "the company", stock code: 0688.hk) is pleased to announce that china overseas land & investment and mcdonald's china signed a strategic cooperation agreement in shenzhen. mr. yan jianguo, chairman and chief executive officer of china overseas development board, together with relevant executives of china overseas land development, mr. zhang yichen, chairman and ceo of citic capital holdings co., ltd., chairman of the board of mcdonald’s china, and ms. zhang jiayin, ceo of mcdonald’s (china) co., ltd. the relevant senior executives of mcdonald's china attended the signing ceremony.

according to the strategic agreement, china overseas development will cooperate with mcdonald’s in commercial complexes, community commerce, office buildings and other sectors in more than 60 core mainstream cities. many of its subsidiaries are located in high-quality locations in first-tier cities. the project gives this cooperation full imagination and growth potential, and will further support mcdonald’s to consolidate and develop its market position in first-tier cities. mcdonald's will also actively promote the first landing of a new generation of concept stores in the china overseas real estate cooperation project to provide consumers with a more convenient and comfortable dining experience.

ms. zhang jiayin, ceo of mcdonald’s china, said: “we attach great importance to the long-term cooperation with china overseas development. on the basis of traditional restaurants, mcdonald’s owns dessert shops, mcdonald’s coffee, drive-thru, mcdonald’s delivery and other different business models. since 2016, mcdonald’s has also promoted the future 2.0 restaurant experience upgrade across the country. we hope to closely connect the different business forms of mcdonald’s with the commercial complexes, community commerce, office buildings and other businesses of china overseas real estate, and propose more innovative solutions to accelerate business development together."

as ​​the second largest shareholder of china overseas development, citic group, its subsidiaries citic limited, citic capital and carlyle investment group completed the strategic integration of mcdonald’s china in july 2017. this time, china overseas development and mcdonald's have achieved a strong alliance with citic as a link. it is not only an important measure for mcdonald's in the new era of development, but also a solid step for china overseas development and citic group to comprehensively deepen cooperation.