Jiangsu Zhongchao Holding (002471.SZ) subsidiary Jiangsu Jingzhu signed a strategic procurement cooperation framework agreement.

Jiangsu Zhongchao Holding (002471.SZ) announced that its holding subsidiary, Jiangsu Zhongchao Hangyu Precision Casting Technology Co., Ltd. (referred to as "Jiangsu Precision Casting"), has been undertaking the precision casting supply work for related products of Qingdao Zhongke Guosheng Power Technology Co., Ltd. (referred to as "Qingdao Guosheng") for a long time. Due to the fact that product quality, delivery schedule, and technical services all meet the project requirements of Qingdao Guosheng, Jiangsu Precision Casting recently signed a "Strategic Procurement Cooperation Framework Agreement" with Qingdao Guosheng, establishing a framework agreement for the subsequent procurement and capacity assurance of gas turbine-related components. It is reported that Qingdao Guosheng is currently the company's largest customer for gas turbines. The signing of this agreement marks a new milestone in the cooperation scale between Jiangsu Precision Casting and Qingdao Guosheng. In the future, the company will seize opportunities in the gas turbine market, fully leverage its first-mover advantage and customer loyalty, continuously expand its market share, and build the high-temperature alloy precision casting business into a new core profit growth point for the company.