Huagong Technology and Far East Control signed a strategic cooperation agreement to collaborate on the application and digital transformation and upgrading of "laser+intelligent manufacturing"

On October 16th, Huagong Technology signed a strategic cooperation agreement with Far East Holdings Group Co., Ltd. The two industry leaders will engage in deep cooperation in multiple fields to promote the development and innovation of their businesses. Both parties will work together to enhance the application of "laser+intelligent manufacturing" and the level of digital transformation and upgrading through business integration, technological innovation, and complementary industrial chains. 
Chairman Ma Xinqiang and Jiang Xipei, the founder and chairman of the Far East Holdings Group, signed a cooperation agreement on behalf of both parties.

Far East Holdings Group Co., Ltd. has been established for 38 years, with an annual revenue of over 50 billion yuan, a brand value of 101.866 billion yuan, and nearly 10000 employees. It has been awarded multiple honors such as "Top 500 Chinese Enterprises", "Top 500 Chinese Private Enterprises", and "Top 500 Chinese Manufacturing Industry" for consecutive years. The listed company Far East Co., Ltd. currently operates three major businesses: intelligent network cables, intelligent batteries, and smart airports.

Chairman Ma Xinqiang expressed sincere gratitude to Far East Holdings Group for their warm reception. He stated that Far East Holdings Group has gone through 5 restructuring and 6 leaps in its 38 year development, which is not only a history of entrepreneurship but also a history of struggle. He deeply felt Mr. Jiang Xipei's determination and perseverance as an outstanding entrepreneur. He stated that the two companies share many similarities in cultural values and management concepts, with a high degree of industrial synergy and great potential for cooperation. He hopes that both sides can create more "sparks" in their cooperation.

Jiang Xipei, the founder and chairman of the board of directors of Far East Holdings Group, stated that the high-quality development of enterprises is closely related to excellent talents. Huagong Technology has established the Youth Plan to select outstanding young people from 985 and 211 universities and cultivate high-quality reserve talents, which is highly consistent with Far East Holdings Group's Relay 100 project. He mentioned that Huagong Technology and Far East Holdings Group are highly consistent in terms of talent strategy, cultural atmosphere, and party building. Both sides are enterprises with a sense of patriotism, responsibility, and mission. Jiang Xipei expressed the hope that both sides can strengthen communication, deepen understanding, work together for win-win results, and jointly contribute to high-quality development in the Chinese style.

The two sides conducted in-depth exchanges around the areas of cooperation, industrial directions, technical routes, and talent cultivation. Based on the technological accumulation and application accumulation of Huagong Technology in the fields of laser processing equipment and intelligent manufacturing, Far East Holdings has the advantages of scale, specialization, and modernization in fields such as intelligent cable networks, intelligent batteries, and intelligent airports. Huagong Technology and Far East Holdings will build a strategic partnership, and both parties will leverage their respective advantages to jointly promote cooperation in fields such as intelligent manufacturing and industrial lasers, intelligent network cables, and energy storage, actively striving Maximize the cooperation and sublimation of all parties during the strategic period. At the same time, the signing of this strategic cooperation fully reflects both parties' keen insight and positive response to future development trends, demonstrating their determination to provide better products and services to global users.

Jiang Huajun, Senior Partner and Director of Far East Holdings Group, Vice Chairman and CEO of Far East Holdings, Chen Jing, Deputy Secretary of the Party Committee of Far East Holdings Group, Senior Partner and Director of Far East Holdings, CEO of Cable Industry, Jia Hai, Senior Partner of Far East Holdings Group and Chief Strategic Customer Officer of Cable Industry, Deng Jiake, General Manager of Huagong Laser Engineering Co., Ltd., Xu Shaohua, Chairman and General Manager of Jiangsu New Hengtong Investment Group, Yang Letian, General Manager of Wuhan Huagong Saibai Data Co., Ltd., Li Hui, Assistant to the President of Huagong Technology, and others attended the signing ceremony.

Source: Huagong Technology