On morning of December 12, 2018, strategic cooperation agreement signing ceremony between CSSC Marine Power Co., Ltd (hereafter called “CMP”) and our company was held in our company. Both parties plan to make full use of their respective industry advantage, resource advantage and talent advantage, focusing on optimization in ship power system, power products generalizing in domestic market and competitiveness promotion in special engineering ship and other more fields to carry out in-depth cooperation.

      As the oldest shipbuilding enterprise in Jiangsu province, under the condition of heavy losses in the shipbuilding industry, our company has maintained a steady and healthy development and has become a well-known manufacturer in special engineering ships at home and abroad. CMP, which is a wholly-owned subsidiary of China Shipbuilding Industry Corporation and a core enterprise of power equipment sector, has 40 years of professional experience in the production of marine diesel engines and devotes itself to become a world-class supplier in marine power system. Both parties are directly related to each other in the industrial chain, and have gradually formed a good, stable and close cooperative relationship in recent years. In the historical stage of transformation and development of the national shipbuilding industry and the critical period of the integration and change of the global shipping and shipbuilding market, both sides’ business development face with new situations, new challenges and new opportunities. It is of great practical and long-term strategic significance for both sides to widen the content and the fields of cooperation.