Strong Alliance - Strategic Cooperation between Shandong Laigong and FAW Jiefang Xichai

On June 20, 2018, a significant chapter will be recorded in the company's development history. On this day, leaders and colleagues from Shandong Laigong and FAW Jiefang Xichai, as well as dealers from the northern region who visited the site regardless of the distance, witnessed this important moment together.

FAW Jiefang Automobile Co., Ltd. Wuxi Diesel Engine Factory is located in Wuxi, Jiangsu Province and is a wholly-owned subsidiary of China FAW Group Corporation. The factory was founded in 1943 and, after 70 years of development, has formed a production system that is internationally leading in equipment, domestically leading in management, and industry-leading in quality. It is an excellent partner worthy of our respect and trust. The company's strategic cooperation layout with FAW Jiefang Xichai is a significant opportunity for mutual development.

As a strategic cooperation with Shandong Laigong, an important non road machinery manufacturer, leaders at all levels of Xichai Company also attach great importance to it. For a period of time, relevant departments have been closely cooperating to promote the timely holding of the strategic cooperation signing ceremony. Qian Wenhu, Deputy General Manager and Secretary of the Marketing Company of FAW Jiefang Xichai, led the team to the signing site. Qian Wenhu arrived at the venue and, despite the fatigue of the journey, immediately confirmed the organization of the signing meeting with colleagues in the conference team. He instructed that the strong strategic cooperation between Shandong Laigong and FAW Jiefang Xichai must be refined and implemented. In the future work, Xichai's provincial companies at all levels should fully guarantee the docking and processing of various types of business for Shandong Laigong to select Xichai products, and ensure that the strategic cooperation arrangements are implemented in place.

The strategic cooperation signing ceremony between Shandong Laigong and FAW Jiefang Xichai was grandly opened at the Red Star International Hotel in the ancient city of Xi'an. At the moment when the company's general manager Cai Weizheng and Secretary Qian Wenhu of Xichai shook hands and congratulated each other after completing the signing agreement, all the attendees erupted into a long round of warm applause. We firmly believe that the strategic cooperation between Shandong Laigong and FAW Jiefang Xichai will inevitably create a wave in the industry, work together to forge a win-win cooperation story, and contribute wisdom to the transformation and development of Shandong Laigong's products towards high-end, environmentally friendly, and high-quality.

In his speech, the General Manager of the company, Cai Wei, stated that as an enterprise with significant influence in the small construction machinery industry, we will firmly follow the path of equipment manufacturing industry and promote product development that is in line with national industrial policies with greater foresight. The strategic cooperation with FAW Jiefang Xichai is one of the key strategies for determining core supplier resources. While promoting the development of the National III product market, we will quickly layout the development of the National IV stage products, lead the industry development, and fulfill our responsibilities and missions as a leading enterprise in the industry.

Shandong Laigong and FAW Jiefang Xichai will firmly move forward on the road of promoting green and sustainable development. We will work together with our customers, friends, and partners to vigorously promote the implementation of national green development industrial policies.