On April 10, a delegation led by Zhang Juan, Secretary of the Party Committee and General Manager of SINOSURE Ningbo Branch, visited MU Group for exchanges. Group’s President Tom Tang, along with Vice President Jeff Luo and Eric Zhuang，received the guests, with participation from certain business representatives and colleagues from the Risk Control department.
Ms. Zhang first visited the Showroom to learn about the Group’s export markets, product category layout, design and R&D, and other relevant information.
At the business exchange meeting, President Tom Tang reviewed the long-term cooperation between the Group and SINOSURE, and analyzed the impact of the current situation in the Middle East on foreign trade. He expressed the hope to obtain more targeted risk control suggestions and credit insurance policy support in key customer limits, and establish a communication mechanism for difficult issues. MU Group adopts a total cost leadership strategy. Through scale expansion, the Group gains both upward and downward pricing power, enhancing market influence and brand awareness. We are not limited to the export of daily necessities and general merchandise; instead, we aim to break through the existing scale bottleneck by expanding into large-volume sectors such as apparel. Despite current pressures on foreign trade exports, the Group continues to strive for high-growth targets, putting forward a new three-year plan named “The Road To 10 Billion USD” and expressing confidence in contributing to Ningbo’s overall foreign trade stability.
Ms. Zhang pointed out that Sinosure and MU Group have long maintained high-frequency interaction and close cooperation. She affirmed the positive results achieved by the company in building its risk control system, noting that both sides have a solid foundation for front-loading efforts, information sharing, and jointly building a global credit risk management system. She emphasized the need to strengthen post-insurance tracking and risk identification with greater precision based on credit limits, while also further improving the quality and efficiency of claims and recovery processes, so as to provide maximum protection for exporters under severe circumstances and promote high-quality development.
Yang Zhijing, Deputy Director of Business Division III, Zhu Fenglei, Assistant to Director of Business Underwriting Division, and Li Zhonghao, Deputy Chief of Post-Insurance Claims and Recovery Division of SINOSURE Ningbo Branch, accompanied the visit.