According to Xinhongye, recently, Xinhongye and Qiangshi Technology Co., Ltd. reached a strategic cooperation. The two sides jointly funded the establishment of Qianghong Technology Co., Ltd., of which Xinhongye holds 51% of the shares and Qiangshi Technology Co., Ltd. holds 35% of the shares. The partners stated that they will use Qianghong Technology as the carrier to integrate core resources such as technology research and development, market channels, and supply chain management, and focus on new application scenarios for special cables and related components to carry out innovative research.

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