Qingdao Paguld Intelligent Manufacturing (301456.SZ) signed a strategic cooperation agreement with WANTONG HYDRAULIC.

Qingdao Paguld Intelligent Manufacturing (301456.SZ) announced that the company ("Party B") recently signed a "Strategic Cooperation Agreement" with Shandong WANTONG HYDRAULIC Co., Ltd. (hereinafter referred to as "WANTONG HYDRAULIC" or "Party A"). The two parties aim to establish a long-term and stable strategic partnership. Through friendly negotiations, they have decided to deepen cooperation in the hydraulic field focusing on R&D innovation, procurement coordination, supply chain integration, market development, and capital operation. They will fully leverage their respective strengths to jointly advance forward-looking research and product development, enhance supply chain efficiency and cost control capabilities, engage in industrial investment cooperation, establish complementary advantages mechanisms, promote the enhancement of both parties' business capabilities and overall strength, strengthen their market competitiveness and industry influence, create more business value and social benefits for both parties, and work together to promote the continuous development and technological innovation of the hydraulic industry.