Huada Automotive Technology Corp., Ltd (603358.SH) has reached a strategic cooperation with Afton on automotive components and Siasun Robot & Automation.

Huada Automotive Technology Corp., Ltd. (603358.SH) announced that the company has signed a "Strategic Cooperation Framework Agreement" with Siasun Robot & Automation Co., Ltd. (referred to as "Siasun"). Based on the principles of equality, mutual benefit, complementary advantages, and common development, and after friendly negotiations, the two parties have expressed their intentions in a real and comprehensive manner. According to the Civil Code of the People's Republic of China and relevant laws and regulations, they have reached a strategic cooperation relationship to further promote the industrial/ humanoid scale application in the automotive parts industry.