立中集团 (LiZhong Group) and ShuaiYiChi (SYC) to collaborate on casting aluminum alloy business

LiZhong Group announced on January 1st that the company has signed a 'LiZhong Sitoon Light Alloy Group Co., Ltd. ShuaiYiChi New Materials Group Co., Ltd. Strategic Cooperation Agreement' with ShuaiYiChi New Materials Group Co., Ltd. (SYC). In view of the complementary advantages of both parties in the integrated die-casting non-heat treatment alloy and casting aluminum alloy in terms of industrial scale, market resources, and technological innovation, the two parties have decided to implement a strong alliance through friendly negotiations, and develop a strategy of complementary advantages, win-win cooperation, and further expand and strengthen the casting aluminum alloy business. The two parties plan to further strengthen strategic synergy by cross-holding the subsidiaries Longda Aluminum (Wuhan) Co., Ltd. and ShuaiYiChi Aluminum Alloy New Material (Chongqing) Co., Ltd.