On the morning of March 10th, Dawn Group's strategic investment conference in Longgang Pump was held in Longgang Company, High-tech Zone, Yantai city. Yu Xiaoning, Chairman and President of Dawn Group, Song Huidong, Vice President, Chen Peilun, Chairman of Longgang Pump, He Hao, Leader of Shengang Securities Project, Sun Junqiang, President of Entrepreneurs Association in Yantai High-tech Zone, attended the event, and all Longgang employees participated in the activity.

Prior to March 3rd, according to the disclosure of Longgang Pump, the 16 million new stocks targeted issued by Longgang Pump and subscribed by Dawn Group cost a total of CNY 50 million. The stock registration procedures have been completed in China Securities Depository and Clearing Company Limited, and Dawn Group became the second-largest shareholder.

Before the press conference, a corporate planning report meeting was firstly held to report on the development plan of Longgang Pump. At the press conference with the theme of "Sail with Innovation, Move Forward with Gratitude", Chairman Chen Peilun deeply reviewed the company's development history and briefly introduced the achievements in product transformation, project construction, industrial status, and other aspects.

"During the critical breakthrough period of the company's transformation, Dawn's strategic investment in Longgang Pump has strengthened our goal of becoming a Chinese first-class and world-renowned pump industrial ecosystem." He said that the pump industry would be bigger and stronger, and the upstream and downstream would be integrated to form an industrial chain. From petrochemical and chemical fields to key fields such as photovoltaics and LNG, we will fully realize the company's strategic goals, further enhance the company's domestic and foreign influence, and build a Chinese brand with core competitiveness.

He Hao, head of the Shengang Securities project, recognized Dawn Group's contribution to the field of neck-stuck technology. He said that the cooperation between Dawn Group and Longgang Pump was of great significance to the development of China's pump industry. "My team and I will uphold a professional and dedicated working attitude and provide Longgang Pump with professional capital operation services." He Hao said.

Sun Junqiang, President of Entrepreneurs Association in High-tech Zone, Yantai city, and chairman of Taili Automotive Tooling Co., Ltd., said that the cooperation between Dawn and Longgang was a model of complementary advantages and strong alliances. It is wished that the cooperation between them would bear fruit, and further drive the development of local enterprises and the regional economy and society.

Chairman Yu Xiaoning pointed out that the strategic cooperation between Dawn Group and Longgang Pump benefited from the good business environment created by the Yantai Municipal Government. In the development of more than 30 years, relying on new chemical materials and Dawn Park, Dawn Group has promoted the coordinated development of the "two ecologies" of industrial ecology and natural ecology, deeply cultivated the three major chains of the product chain, enterprise chain, and industrial chain, and formed four advantages of scientific research, industry, park, and talents. Chairman Yu Xiaoning introduced Dawn Group's "1+2+2+10" R&D system, strategic planning, and project investment, and expounded the results of investment and cooperation in various forms such as mergers and acquisitions, holding shares, and equity participation in recent years.

Chairman Yu Xiaoning spoke highly of Longgang's corporate strength and industrial status. He emphasized that the strategic cooperation between them formed a strong and complementary pattern, which was a powerful manifestation of Dawn's industrial layout practice of complementing and extending the chain. With the help of Dawn's brand, platform, and channels, Longgang Pump can effectively improve its customer acquisition capabilities, integrate industrial resources, give full play to the complementary advantages of its products in the petrochemical industry, and rapidly expand its business scale. Dawn Group will provide maximum cooperation and support to help Longgang achieve high-quality development in strategy and tactics, operation management, brand building, customer resources, etc.

After the event, the leaders and guests visited Longgang Pump, listened to the introduction of the company's new products such as BB2 and BB3, and had a further understanding of the company's corporate development, product research and development, and market layout. In the future, they will move forward with integrity, dedication, unity, innovation, and gratitude, increase investment in research and development, stimulate endogenous power, realize resource sharing, complementary advantages, and coordinated development, build a domestic first-class and internationally renowned pump industrial ecology, and create a national brand with international influence.