The main example of Shen Ling.

During the implementation of the above-mentioned series of internationalization measures, Comrade Shen Ling took the lead in due diligence, strategic fit analysis, overall financial arrangement, purchase price calculation, acquisition scheme design with strategic partners and investment banks, and subsequent financial integration strategy formulation, which played an important financial guiding role for the successful promotion of the project. For example, in the process of acquiring Noranda Company in Canada, through a series of financial arrangements, the competitive advantage of Minmetals Group was fully tapped, and Minmetals Group was granted the exclusive right to negotiate. It repelled international famous mining giants including CVRD of Brazil, Anglo-American Resources, Xstrata, BHP Billiton, Phelps Dodge of the United States and Novartis Sk of Russia, which enabled the group to take the initiative in the subsequent negotiations. Although the project was ultimately unsuccessful due to various factors, it is not only a concentrated expression of the overseas operation capability accumulated by Minmetals Group in the early stage, but also provides many useful experiences for the Group's future internationalization strategy, and also provides a valuable case for China enterprises to go overseas.