On September 4, Hongqi Chain and Guang'an Development Group officially signed the “Strategic Cooperation Agreement” and “Brand Support Cooperation Agreement”. The two sides will integrate superior resources, innovate cooperation models, and further cooperate in tightening urban and rural convenience service networks, improving the modern supply chain and logistics system, promoting digital upgrading of commerce and trade, and deepening agricultural supermarket connections, and establish a comprehensive, in-depth and multi-field strategic partnership. It is reported that the two sides will create a new model of “retail+urban operation”. Guang'an Development Group will provide all-round support in terms of the city's stock of community properties, commercial support for newly built areas, and service space for public facilities, providing a foundation for the rapid implementation and scenario expansion of the “Red Flag · Development Benefits” brand.

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