A strategic cooperation agreement was signed between the Xinchao and Daqo Groups in Yangzhong on May 22. The agreement was signed by Xinchao Group Chairman Wang Xinchao and Daqo Group Chairman Xu Guangfu.

During the signing ceremony, the two parties engaged in friendly discussion. The Daqo Group has enjoyed long-standing collaboration with Xinchao Group subsidiary Changjiang Electric Appliance and the major investment enterprise Sfeir Electric. The signing of this strategic cooperation agreement will strengthen the partnership and enhance cooperation. Both parties are committed to "close cooperation, mutual benefit, and sustainable development." Through this strategic partnership, they aim to further improve overall operational efficiency, reduce operating costs, gain more market share in the future, and create greater commercial value through their collaboration.

The signing event was attended by Secretary-General Yu Wenqin and Deputy Secretary-General Wang Haifeng of the Suzhou Chamber of Commerce, Sumin Investment Chairman Huang Dongfeng, Shuangliang Group Chairman Miao Wenbin, Xinchao Ren'ai Charity Foundation Chairman Shen Weiding, Sfeir Electric Chairman Zhang Fengchu, and Changjiang Electric Appliance General Manager Wang Qian, among others.