On September 18th, GeLongHui announced that the company signed a "Production and Finance Service Strategic Cooperation Framework Agreement" on September 13, 2024 with the Jiangsu Innovation and Entrepreneurship Research Association, Jiangsu State-Owned Enterprise Technology Innovation Work Committee (referred to as "Science and Technology Work Committee"), China Life Insurance Co., Ltd. Jiangsu Branch (referred to as "China Life Insurance"), China Logistics and Purchasing Federation Logistics and Supply Chain Finance Sub-Committee (referred to as "China Logistics and Supply Chain Finance Committee"), Suji (Guangzhou) Business Factoring Co., Ltd. (referred to as "Suji Factoring"), Zhejiang Commercial Bank Co., Ltd. Nanjing Branch (referred to as "Zhejiang Commercial Bank"), and Jiaoxin (Shanghai) Private Equity Fund Management Co., Ltd. (formerly known as Jiaoxin Transportation Communication Information Group Shanghai Equity Investment Fund Management Co., Ltd.) (referred to as "Jiaoxin Fund").
With Jiangsu state-owned enterprises as the core, the parties focus on the industry chain, deeply integrate supply chain with the internet, and the Internet of Things as the technical path, and support innovation and development of the supply chain with new concepts, new technologies, and new models, efficiently integrate various resources and elements, enhance the level of industry integration and collaboration, build a smart supply chain and production-finance service system supported by big data, networked sharing, and intelligent cooperation, improve the resilience and security of the industrial chain supply chain, promote cooperation between the central and local governments, jointly promote the construction of a modern logistics system around core enterprises, improve the quality, efficiency, and cost reduction of modern logistics, and provide strong support for the construction of a modern industrial system, helping state-owned enterprises to enhance their core competitiveness and develop new productive forces.