North Glass Co., Ltd.: Wholly-owned subsidiary signs strategic cooperation framework agreement.
North Glass announced that its wholly-owned subsidiary, Luoyang North Glass Three-element Flow Fan Technology Co., Ltd., has signed a "Strategic Cooperation Framework Agreement" with Boyuan Mechanical and Electrical Co., Ltd. The two parties plan to reach a strategic cooperation on the combined application of efficient flow fan energy-saving technology and permanent magnet motor energy-saving technology, and jointly carry out energy-saving transformation businesses in the industrial field. The cooperation period is 5 years, aiming to create intelligent fan systems, improve the intelligence level and energy-saving effects of fans, enhance product competitiveness and business influence. The signing of this agreement will not have a significant impact on the company's financial condition and operating results for the current year, but it meets the needs of the company's business development and overall development strategy planning, and will have a positive impact on the company's future business development.
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