On the afternoon of August 1, 2024, at the Husu Science and Technology Innovation Park in Rugao, Jiangsu Province, Lixing Group and Renben Group signed a "Strategic Cooperation Framework Agreement". The advantages of both parties in the bearing and related fields are obvious and complementary. Based on the significant advantages and high complementarity of both parties in the field of bearings and related areas, this strategic cooperation aims to jointly promote the innovative development of the entire value chain of the bearing industry through resource integration and market synergy, achieve the future market expansion strategy of both parties and obtain a larger market share, and create greater commercial value. The two sides will carry out deep cooperation in multiple dimensions such as overseas market development and supply chain optimization. They will build a close strategic partnership around the development and application of new energy ceramic balls, the large rollers for railways and wind power, the rollers for commercial vehicle transmissions, the silent bearings for home appliances, the low-noise bearings for automobiles, the low-friction tapered roller bearings for new energy vehicles, to provide energy-saving, efficient and comprehensive bearing solutions for global customers.