On September 22, Mr. Sun Yimin, general manager of Zhejiang Hangji Co., Ltd. (hereinafter referred to as "Hangji"), led his business team to visit Luoyang Bearing Research Institute Co., Ltd. . Mr. Gao Yuanan, general manager of our company, and Mr. Jiang Wei, general manager of the Precision Components Division meet at ZYS headquarters.

Zhejiang Hangji Co., Ltd. is a leading enterprise in China's machine tool industry. The company's products include surface grinders, CNC high-precision gantry surface grinders, CNC high-precision gantry rail grinders, CNC high-precision vertical compound grinders, and CNC high-precision forming grinders, which are widely used in precision parts processing,automobiles, 3C electronics, refrigeration equipment, packaging and other industries. Hangji has a provincial R&D center and numerous national patents for grinding machines. It is the maker of the national and industry standards for four major types of grinding machines, including horizontal axis rectangular tables, vertical axis rectangular tables, powerful forming, and gantry.

Before the formal meeting, Mr. Jiang Wei, general manager of Precision Components Division, led them to visit ZYS exhibition room and introduced the current business layout, development status, and technology research and development. Mr. Sun fully affirmed our company's achievements in the field of technological innovation.

Afterwards, in the meeting room, the two parties introduced the development and operation, exchanged views on the current domestic and foreign economic development trends, and discussed new hot business in the current market. In view of the current situation, the two parties reached an agreement on future cooperation, mainly involving the use of their own and industry advantages to achieve complementary advantages in precision bearings, electric spindles and machine tools, especially in bearing and electric spindle product applications and localized substitution. And also aim to carry out technical cooperation in the joint application of various scientific research projects, and realize the sharing of research and development results.

Finally, the leaders of both parties signed the "Strategic Cooperation Framework Agreement."