LYDD Signed a Strategic Cooperation Agreement with Xinye Group to Jointly Promote the Digital Development of the Industry

On April 12, Yu Junjie, General Manager of Xinjiang Xinye Group, Dong Lei, CFO, Du Zhen, Business Manager, and Chang Yuan, Director of the Operation and Management Department, visited LYDD of Guolian Corporation. Liu Zhai, Director/Senior Vice President of Guolian Corporation and CEO of LYDD, Shao Zhaojun, Senior Vice President and Director of Operation Department of LYDD, Li Qing, Vice President of LYDD and General Manager of Northwest Region, Lv Yanlan, CFO, and Shuai Wenyan, Commercial Director, warmly received the visitors, and the two sides carried out work exchanges.

At the exchange meeting, Liu Zhai, Director/Senior Vice President of Guolian Corporation and CEO of LYDD, and Yu Junjie, General Manager of Xinjiang Xinye Group, signed an industrial Internet project cooperation agreement on behalf of both parties.

Xinjiang Xinye Group, as an extension of the functions of the State-owned Assets Supervision and Administration Commission of the Autonomous Region and a platform for capital operation, is one of the state-owned asset management platforms and investment and financing platforms focused on building by the State-owned Assets Supervision and Administration Commission of the Autonomous Region. The company focuses on the national energy security development strategy, firmly grasps the favorable opportunity of the autonomous region to build "eight industrial clusters", holds high the banner of developing and expanding the coal chemical industry cluster in the autonomous region, focuses on enhancing core functions and improving core competitiveness, takes the construction of major projects as the leading force, expands and strengthens the main business of coal chemical industry, and fines and optimizes the industrial and new material industry.

After in-depth exchanges and demonstrations in the early stage, LYDD and Xinjiang Xinye Group jointly realized that the two sides have extensive complementary advantages in the field of industrial Internet platform development and industrial digital ecological construction. Xinjiang is the strategic pivot of Guolian Corporation, and the Xinjiang layout is the No. 1 project, strategic project and long-term project of Guolian, which is an important demonstration work for the company to practice the deep integration of the industrial Internet and the real economy, and it is also a demonstration project for the company to achieve the "combination of light and heavy, embracing state-owned assets, industrial landing, regional coordination, and promoting the construction of local digital economy".

Based on the signing of this strategic cooperation agreement, the two parties will give full play to the role of the "chain master" of the Duoduo platforms and the organizational capabilities of the industrial chains and supply chains, combined with the resource advantages of Xinjiang Xinye Group, the two sides will jointly expand the operation mode of the whole industrial chain, build a digital supply chain service system, explore industrial big data operation, etc., promoting the transfer of related industries in the east and central regions to the west and Xinjiang, helping the high-quality development of Xinjiang's industrial economy, and highly empowering the digital economy development in the western region.