Guangdong Benlang Technology and Hunan Aerospace Magnetic Power Strategic Cooperation Successfully Signed

On April 25, Guangdong Benlang New Materials Co., Ltd. (hereinafter referred to as “Emerging Benlang”), a wholly-owned subsidiary of Guangdong Benlang New Materials Co., Ltd. (hereinafter referred to as “Benlang New Materials”) and Hunan Aerospace Magnetoelectric Co., Ltd. The responsible company (hereinafter referred to as "Hunan Magneto") rare earth permanent magnet material project strategic cooperation held a signing ceremony in Hunan Aerospace.

Yin Yuhang, Chairman of the Board of Directors, Yin Yuhang, Deputy General Manager Tao Hongliang and Hu Huiwang attended the signing ceremony. Hu Xuemei, Chairman and General Manager of Hunan Aerospace, Assistant General Manager of Hunan Aerospace, Secretary of Hunan Magnetic Power Party Committee and Chairman Wang Yongsen, The heads of relevant departments of Hunan Aerospace Headquarters, Zheng Ziru, general manager of Hunan Magneto, and members of the team attended the signing ceremony.

At the ceremony, Tao Hongliang, the general manager of the emerging Benlang, and Zheng Ziru, the general manager of Hunan Magneto, signed the contract on behalf of the partner on the cooperation of the sintered NdFeB project.

Benlang New Materials is one of the leading enterprises in China's super-hard materials industry. It has strong independent research and development and technological innovation capabilities, a sound production management system and strict quality assurance system, as well as a strong domestic and international sales and service network. Hunan Magneto is a well-known high-end permanent magnet material manufacturer in China. The output of high-grade magnetic materials ranks in the forefront of the country, and its production technology and scientific research and development are at the leading level in China. In this strategic cooperation, the two sides adhere to the principle of sincere unity, use their respective advantages to carry out in-depth cooperation, aim at the broad market of new energy fields, and jointly make the rare earth permanent magnet material industry bigger and stronger.

Yin Yuhang, chairman of Benlang New Materials, said at the signing ceremony that the cooperation project on rare earth permanent magnet materials with aerospace magneto is the development strategy of Benlang's development in the upstream and downstream and surrounding industries around the superhard materials and products industry. Benlang’s Hunan Benlang, which was established in Changsha, is specifically responsible for undertaking and operating. He hopes that Hunan Benlang will adhere to the core cultural values ​​of “innovation, integrity, respect, passion, responsibility and win” and carry forward “especially hardship, especially fighting, Specially able to tackle the problem, especially to contribute to the aerospace spirit, to overcome difficulties, to work hard, to achieve win-win cooperation, to provide a successful answer for the cooperation between the central enterprises and private enterprises, and to provide successful cases for deepening the reform of property rights structure and business model. And wish Hunan Aerospace Magneto and Guangdong Benlang Technology to work together to write a new chapter in cooperation and win-win.

Finally, Hu Xuemei, chairman and general manager of Hunan Aerospace, delivered a speech and delivered an important speech. Chairman Hu pointed out: In the new era, enterprise development needs the passion of innovation and the attitude of open cooperation. The cooperation between Hunan Aerospace Magnetoelectronics and Guangdong Benlang Technology is of great significance. The two parties should play their respective advantages, open synergy and mutual benefit. It has become a model for cooperation between central enterprises and private enterprises. Chairman Hu asked the two sides to support each other and jointly make the magnetic material industry bigger and stronger. She pointed out the direction for future cooperation between the two sides, and outlined exciting cooperation prospects from the long-term development and higher vision, so that both parties are full of confidence in the development prospects.