Binhai Inv (02886.HK) announced on June 11 that its wholly-owned subsidiary, Hainan Taida New Energy Co., Ltd. ('Hainan Taida New Energy'), has entered into a technical research and development and service cooperation agreement with China Municipal Engineering North China Design and Research Institute Co., Ltd. ('China Municipal Engineering North China Institute'), to jointly carry out research and development and service cooperation of quality control technology for urban gas facilities.

China Municipal Engineering North China Institute, an affiliated company of China Construction Science and Technology Group Co., Ltd., is a large-scale comprehensive design and research enterprise that serves the entire industry chain and the entire life cycle of engineering construction. With strong technical strength and a complete range of professional settings, it is at the forefront of the industry in terms of business development and technological research and development.

Based on the principle of complementary advantages, sincere cooperation, resource sharing, and common development, the two parties to the agreement will fully utilize the scientific research, human resources, advanced and mature technology achievements, authoritative experimental testing platform, industry influence, and centralized management of gas standards under the National Gas Appliance Quality Supervision and Inspection Center, Urban Gas Thermal Institute, and Gas Appliance Certification Center of China Municipal Engineering North China Institute, as well as the business model of Hainan Taida New Energy and the advantages of this Group in value-added services and marketing. Based on the 'product performance testing of urban gas facilities' project, they will carry out various forms of technical cooperation around the quality control of urban gas facilities products, the construction of standard systems, and the research and development and achievement transformation of high-tech.

The company believes that the signing of the cooperation agreement indicates that the two signing parties will jointly build a new model of research and service innovation for quality control of urban gas facilities, and achieve a mutually beneficial cooperation relationship of 'cooperation between institute and enterprise, cooperation between production and research', forming a virtuous circle of mutual promotion and common development of professional industries.