Luan Group and Xugong Group Signed Strategic Cooperation Agreement

On April 16, Luan Group and Xugong Group held a signing ceremony of strategic cooperation agreement. Liu Junyi, Deputy Secretary and General Manager of the Party Committee of Luan Group, Vice Secretary of the Party Committee of Xugong Group and President of Xugong Machinery Lu Chuan attended the signing ceremony.

At the signing ceremony, Liu Junyi introduced the development of Luan Group. He said that Luan Group, based on the development goal of leading modern energy and chemical enterprises with high-quality development, takes "one main, three auxiliary and two cultivation" as the orientation of industrial development. Coal mining, coal-based fine chemicals, new energy development and ecological health industries have achieved considerable development, ranking among the top 500 in the world for many years, and the transformation of enterprises has made remarkable achievements. Liu Junyi said that Lu'an's enterprise opening concept is to "work hand in hand with talented people and go with giants". Xugong Group, as the leading enterprise in the construction machinery industry, and Lu'an Group have extensive cooperation opportunities in the fields of Engineering machinery, mining equipment and lubricants. We hope that both sides will take this opportunity to make full use of their technical advantages, product advantages, market advantages and platform advantages. We should adhere to win-win cooperation, complement each other's strengths and carry out all-round cooperation to jointly promote greater achievements in reform, innovation and transformation.

Lu Chuan said that Xugong Group upholds the core values of "shouldering great responsibilities, traveling on avenues and achieving great success", adheres to the enterprise spirit of "strictness, steadfastness, progress and innovation", and strives to build a world-class enterprise with global competitiveness. Over the years, it has always maintained the leading position of China's construction machinery industry, which is the largest in scale, the most complete variety and series of products in China's construction machinery industry. The most competitive and influential large-scale enterprise groups rank sixth in the world construction machinery industry and fourth in the top 100 of China's machinery industry. Luan Group and Xugong Group have many similarities, similarities and complementarities in enterprise development concept, innovation concept and industrial development. We believe that both sides trust each other in strategic cooperation and go hand in hand in win-win development, which will surely create greater achievements.

Liu Junyi and Lu Chuan signed the strategic cooperation agreement on behalf of Luan Group and Xugong Group respectively. The signing of strategic cooperation will open a new chapter for the two sides to adhere to fairness and rationality, mutual trust, common development, resource sharing, complementary advantages, mutual benefit and achieve all-round, multi-angle and deep-level cooperation. During the signing of the contract, Liu Junyi and his delegation also visited the workshop of Xugong Mining Machinery Company and Heavy Machinery Company.