Orchid Inc. (600123.SH) signed a strategic cooperation agreement with Shanghai Pangu.

Zhtng Cijng APP News, Orchid Science and Technology (600123.SH) announced that the company recently signed a "Strategic Cooperation Agreement" with Shanghai Park Wheel Dynamic Power Technology Co., Ltd. in Shanghai. The two parties plan to cooperate in the development of special machines for axial magnetic flux motors for coal mines, the construction of industrial innovation production and manufacturing bases, and the expansion of business in the non-coal mine special machine field.