Joining Forces for a Shared Future: FGI and Laigang Electronics Sign Strategic Cooperation Agreement

On December 5, FGI and Laigang Electronics successfully held a strategic cooperation signing ceremony at FGI's headquarters. Both parties will engage in deep collaboration across multiple fields. These fields include high and low-voltage electrical drive, electrical automation integration, intelligent equipment, and information system integration. They adhere to the principles of "resource complementarity, mutual benefit, long-term stability, and common development." Together, they aim to build a stable, long-term cooperative ecosystem and jointly explore new market landscapes.

Complementary Strengths Build a Solid Foundation for Cooperation

Laigang Electronics possesses extensive experience in the steel industry and mature R&D capabilities. The company maintains a sound quality management system and holds high-tech enterprise certification. It also owns numerous patents and proprietary technologies. Laigang Electronics demonstrates outstanding strength in related manufacturing technologies. It has also accumulated broad market resources and a strong network across the upstream and downstream industrial chain.

FGI is a national high-tech enterprise listed on the STAR Market. The company specializes in R&D, production, sales, and service of power electronics energy-saving control technologies. FGI has led or participated in formulating several national and industry standards. It has established multiple scientific and technological innovation platforms. These include the National and Local Joint Engineering Research Center for New Energy and High-Efficiency Energy Conservation. FGI possesses core capabilities in supporting frequency converters and related system integration. It also holds comprehensive qualifications and a rich portfolio of successful cases.

Collaborative Win-Win: Defining Four Key Cooperation Areas

According to the agreement, both parties will leverage their respective core competencies. These competencies span market presence, technology, resources, and channels. They will conduct in-depth market collaboration based on the core principles of "resource sharing, complementary advantages, cost reduction, and long-term mutual benefit." The cooperation will primarily focus on the following areas:

Customer Referral and Conversion: Either party will proactively recommend and assist in establishing communication channels when encountering clients suitable for the other party's products or services during business operations. This will jointly expand market opportunities.

Product and Service Synergy: Both parties will actively explore cooperative models. These models include bundled sales of products and services, and customized solutions. They will work together to create more competitive integrated solutions. This will enhance customer experience and the added value of cooperation.

Regular Information Exchange: Both parties commit to regularly sharing market, technical, and other relevant information under the principle of confidentiality. This will provide strong support for each other's operational management and strategic decision-making.

Moving Forward Together, Opening a New Chapter of Development

At the signing ceremony, representatives from both sides expressed full confidence in the cooperation's prospects. This strategic partnership represents not only a powerful alliance of two companies' strengths but also an active exploration of cross-domain collaborative innovation and shared development. Through close collaboration, both parties aim to build more competitive industrial and service chains. They seek to create greater value for customers and jointly promote technological advancement and industrial upgrading in the sector.

Moving forward, FGI and Laigang Electronics will treat this agreement as a new starting point. They will continue to deepen mutual trust and pragmatically advance the implementation of all cooperation items. Together, they will strive to achieve fruitful results and compose a new chapter of high-quality cooperative development.