Deepening Cooperation, Exploring Development Together — Shengquan Group Visits Guoliang Company for Exchange and Discussion

On August 24th, Yuan Yong, Vice President of Jinan Shengquan Group Co., Ltd. (stock code: 605589), and Tao Xianbo, General Manager of the North China Business Division, along with their team, visited Hebei Guoliang New Materials Co., Ltd. (stock code: 920076) for a visit and exchange.

As an important raw material supplier that has been working with our company for nearly thirty years, the visit from Shengquan Group was highly valued. The main management team of Guoliang Company attended the discussion, and both sides had in-depth exchanges on topics such as deepening future cooperation and improving business management.

Shengquan Group was founded in 1979 and is headquartered in Zhangqiu, Shandong. It got listed on the main board of the Shanghai Stock Exchange in 2021. It's a high-tech company mainly focusing on the R&D, production and sales of new chemical materials, biomass new materials and new energy-related products. The company leads the domestic market and ranks among the top in the world in terms of phenolic resin and furan resin production and sales.

Since the 1990s, Shengquan Group has become the core supplier of key raw materials like phenolic resin for Guoliang Company. The two parties have worked together for nearly 30 years, building a tacit cooperative relationship over their long-term collaboration. During this exchange, both parties had lively discussions on topics like supply chain collaboration and project cooperation, reaching broad consensus on deeper strategic cooperation in the future. Especially in the current context of the industry's green and low-carbon transformation, both agreed that, relying on nearly 30 years of trust, further expanding cooperation will bring new growth opportunities for both sides.

In terms of improving business management, Shengquan Group, as a model of growing from a township enterprise into an internationally renowned new materials company, shared its valuable experiences in technological innovation, market development and management upgrades, providing useful references for Guoliang Company’s next steps in management optimization.

This exchange not only strengthened the nearly 30 years of cooperative friendship between the two parties, but also reached many consensus on how to deepen strategic coordination for the future. Guoliang Company will continue to uphold the development philosophy of open cooperation and win-win collaboration, and work hand in hand with excellent partners like Shengquan Group, jointly promoting technological progress and industrial upgrading in the fields of refractory materials and high-temperature industrial new materials, contributing more to the high-quality development of China's high-temperature industry.

In the future, Guoliang Company will continue to leverage its core high-temperature material technology, increase R&D investment in emerging fields, collaborate with leading companies across the industry chain, steadily expand its business footprint, and keep fostering new growth drivers. Let's look forward to even more fruitful results from our cooperation in the next thirty years!