Luoyang Northglass Technology's subsidiary San Yuan Lui Fanji and Boyuan Mechanical and Electrical reached a strategic cooperation agreement.

Luoyang Northglass Technology (002613.SZ) announced that its wholly-owned subsidiary Luoyang Beibao Three-element Flow Fan Technology Co., Ltd. (referred to as "Three-element Flow Fan") has signed a "Strategic Cooperation Framework Agreement" with BoYuan Electrical (Nantong) Co., Ltd. (referred to as "BoYuan Electrical"). The two parties plan to achieve strategic cooperation in the application of Three-element Flow efficient fan energy-saving technology and permanent magnet motor energy-saving technology, and jointly carry out energy-saving renovation projects in the industrial sector. The agreement stipulates that both parties will leverage their respective technological advantages in industrial fan and permanent magnet motor research and development, jointly invest resources to create intelligent fan systems with functions such as operational state monitoring and smart control. This will promote the integration and intelligence of Three-element Flow fans and permanent magnet motors in industrial applications, improve the energy efficiency of fan systems, and assist in the application of advanced energy-saving technologies and energy-saving renovation of existing equipment in the industrial sector. The cooperation will focus on intelligent fan systems in the glass industry, aiming to achieve an energy-saving rate of more than 20%; and will gradually promote energy-saving technology upgrades for high energy-consuming industries such as building materials and metallurgy, as well as in special working conditions such as high temperature and high dust.