On October 11, Shandong Heavy Industry Group and Shandong Gold Group signed a strategic cooperation agreement in Jinan. Wang Zhijian, Deputy Party Secretary and General Manager of Shandong Heavy Industry Group, held discussions and exchanges with Zhang Xiaohai, Party Secretary and Chairman of Shandong Gold Group, and Han Yaodong, Deputy Party Secretary and General Manager, and witnessed the signing. Ye Jianjun, Deputy Party Secretary, Director, and Chairman of the Labor Union of Shandong Heavy Industry Group, and Xiao Yaomeng, Member of the Standing Committee of the Party Committee and Deputy General Manager of Shandong Gold Group, signed the agreement on behalf of both parties.

Shandong Heavy Industry Group and Shandong Gold Group are both key provincial state-owned backbone enterprises of Shandong Province and have significant influence in the global industry. Over the years, the two parties have established a sound cooperative relationship and achieved fruitful results. According to the strategic cooperation agreement, the two parties will carry out deeper cooperation in fields such as mining equipment R&D and application, green logistics and transportation, and global resource sharing, leverage their complementary strengths, and jointly promote the high-end, intelligent, and green transformation of the industry.