ST Liaoning SG Automotive Group (600303.SH) announced that it recently signed the 'Lvliang Shuguang Automotive Industry Park Project Investment and Attraction Framework Agreement' with the Lvliang Economic and Technological Development Zone Management Committee. In order to actively promote the development of Lvliang's new energy vehicle industry, fully play the role and responsibility of listed companies in the country's green and low-carbon development, both parties will actively study and promote the construction of the Lvliang Shuguang Automotive Industry Park Project in the Lvliang Economic and Technological Development Zone, and engage in cooperation in new energy vehicle (hydrogen heavy truck) and related component projects to promote the development of relevant industries in the Lvliang Economic and Technological Development Zone. The goal is to produce 10,000 sets of hydrogen fuel cell systems and complete vehicles (hydrogen heavy trucks) in 5 years.

Based on the intention of cooperation, the company signed the agreement with the Lvliang Economic and Technological Development Zone Management Committee to fully utilize the advantages of both parties, achieve win-win cooperation, and comply with the company's overall development strategy, which is beneficial for the company's long-term development. This agreement is a framework agreement, and its signing will not have a significant impact on the company's recent operating performance. The impact on the company's long-term performance will depend on the signing and implementation of specific cooperation agreements between both parties, and there is uncertainty.