Zhitong Finance App News, Hezong Technology (300477.SZ) announced that the company and the Hunan Xiangjiang New Area Management Committee recently signed a “Strategic Cooperation Agreement”. The company plans to relocate the headquarters of the listed company to the Xiangjiang New Area and invest in the construction of a headquarters base and R&D center in the Xiangjiang New Area to further consolidate its leading edge in the upstream and downstream industries of lithium battery cathode materials, enhance the application of power equipment products in new energy industries such as wind and wind storage, and adhere to the dual business development strategy of lithium battery materials and power distribution integrated service providers.

According to the agreement, the company will establish a lithium battery materials investment and management platform in the Xiangjiang New Area for asset management of the existing lithium battery sector business and future upstream and downstream investment in the lithium battery materials industry chain. The establishment of an industrial fund will speed up the implementation of the company's lithium battery materials integrated industrial project in the new zone, drive upstream and downstream enterprises in the industrial chain to settle in, and support enterprises in the new region to become stronger and better.

The announcement said that if the cooperation content of this agreement can be carried out and implemented smoothly, it will be beneficial to make full use of the high-quality industrial resources and preferential policies of Hunan's Xiangjiang New Area, give full play to the synergy effect with the company's business development, optimize the company's upstream and downstream industrial chain layout of lithium battery cathode materials, and enhance the application of power equipment products in new energy industries such as wind and wind storage.