Gelonghui, May 12, 丨 Andrey (605198.SH) announced that the company signed a “Strategic Cooperation Framework Agreement” with the Yichuan County People's Government of Yan'an City (“Yichuan County Government”, Party A) on May 11, 2024. Through friendly negotiations between Party A and B, the following cooperation intentions were reached on matters relating to Party B's investment in the construction of a concentrated juice production project in Yichuan County:
The two sides plan to make full use of Party A's resource allocation advantages, industry support policies, and Party B's advanced technology, management experience, and market to carry out all-round and multi-level cooperation in the investment and construction of concentrated juice projects, actively promote the development of the apple industry in Yichuan, and drive local farmers to continue to increase production and income.
A strategic cooperation framework agreement was signed with the Yichuan County Government to integrate Yichuan County's apple resources on the new concentrated juice production line in Yichuan County, in line with the company's strategic plan to further cultivate the main business. If the agreement can be effectively implemented, in terms of long-term development, the promotion of the project can further enhance the company's competitiveness within the industry and will have a positive impact on the company's future development.