On December 27, XCMG signed a strategic cooperation agreement with Jiangsu Chengyi Group. Huang Shiwang, Deputy Director of the Xuzhou Municipal Transport Bureau; Cao Zhongxue, Chairman of Jiangsu Chengyi Group; Cao Yong, General Manager; Cao Hui, Executive Deputy General Manager; Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery; Xia Yongyong, Deputy General Manager of XCMG Group and General Manager of XCMG Automobile; and Jiang Mingzhong, Vice President of XCMG Machinery, attended the event.

At the symposium, Yang Dongsheng expressed XCMG's sincere gratitude to Chengyi Group for its trust and support over the years on behalf of XCMG. XCMG will continue to create more value for customers through technological innovation and product innovation and with new business models. XCMG hopes to achieve win-win and multi-win models through in-depth cooperation with Chengyi Group and to jointly contribute to the building of beautiful and environmentally friendly cities.

Cao Zhongxue stated that Chengyi Group has always maintained a long-term and pleasant cooperative relationship with XCMG, and XCMG products account for 100% of its independently procured equipment. The signing of the strategic cooperation agreement between Chengyi Group and XCMG and their in-depth cooperation will surely achieve mutual benefit and win-win results and jointly strive to build the central city of the Huaihai Economic Zone.

Cao Yong, General Manager of Jiangsu Chengyi Group, and Wang Gui, General Manager of XCMG Schwing, signed the strategic cooperation agreement on behalf of both parties. Zhu Jiguo, Huo Ming, and Huang Haiyang of Jiangsu Chengyi Group, and Zhu Xufeng and others from XCMG Marketing participated in the event.

Jiangsu Chengyi Group ranks fourth overall in Jiangsu Province's building materials industry and ninth nationwide in the concrete industry. It has been listed by the Xuzhou Municipal Party Committee and Municipal Government as a reserve enterprise for cultivation toward "ten-billion output value" and as a key supported group enterprise in Xuzhou's green building materials industry chain. Over the years, Chengyi Group has adhered to combining the transformation of traditional industries with the development of emerging industries. It has now formed industrial clusters with cement as the source of the industrial chain, including concrete, admixtures, industrialized prefabricated construction, precast pipe piles, L-CNG liquefied natural gas, engineering technology research, and industrialized prefabricated bridges.