Neoway Technology (688159.SH) announced on July 25th that its subsidiary Neoway Data recently signed a strategic cooperation agreement with Hangjin Technology. Both sides aim to jointly promote the cooperation of business such as smart computing centers, data storage, data backup, integrated computing by using their respective advantageous resources, and promote the rapid development of the smart computing industry.

With regard to the expansion of its smart computing center business, Party A has gradually accumulated technical and operational experience in market expansion, construction, operation, and maintenance of smart computing power cluster leasing and services, while Party B has gradually accumulated products and technologies in cloud infrastructure such as high-performance storage servers and storage software. Both parties will cooperate and expand the market together in the smart computing and storage market, jointly promote their respective advantageous products and services, enhance their brand influence in the smart computing and storage fields, and further expand their respective market shares. At the same time, Party A and Party B recognize each other as strategic partners, and will give priority to promoting and purchasing each other's products and services under equivalent conditions.