On August 25, CMEC Group and Wuxi Guolian Development (Group) Co., Ltd. (hereinafter referred to as “Guolian Group”) signed a Strategic Cooperation Framework Agreement in Wuxi, Jiangsu Province. Wang Bo, Assistant to the General Manager of SINOMACH and Party Secretary and Chairman of CMEC Group, and Xu Ke, Party Secretary and Chairman of the Board of Guolian Group, held talks and witnessed the signing ceremony. Tian Zheng, Chief Financial Officer of CMEC Group, and Wu Weihua, Vice President of Guolian Group, signed the agreement on behalf of the two sides. Jiang Zhijian, Party Secretary and Chairman of Wuxi Huaguang Environment & Energy Group Co., Ltd. (WHEE), a subsidiary of Guolian Group, attended the talks and the signing ceremony.

Prior to the signing ceremony, the two sides held in-depth discussions. Wang Bo expressed his gratitude to Guolian Group for its long-standing trust and support, and provided an overview of the development of SINOMACH and CMEC Group. He noted that CMEC Group and Guolian Group share a deep history of cooperation, having already achieved solid results in areas such as new energy development, domestic and overseas energy projects, and thermal power business. He expressed the hope that this strategic signing would serve as a new starting point to elevate their cooperation from individual projects to systematic strategic synergy, fully leveraging CMEC Group’s strengths in consulting and design, engineering technology, and global market networks to deepen collaboration in overseas engineering markets, and jointly explore business areas such as hydrogen energy, zero-carbon solutions, and solid waste treatment, while supporting Guolian Group’s equipment manufacturing business in “going global.”

Xu Ke extended a warm welcome to Wang Bo and his delegation, introduced the development of Guolian Group, and emphasized that the Group would learn from CMEC Group’s advanced experience in overseas business expansion, further leverage its strengths in advanced energy and environmental protection equipment manufacturing, environmental industry investment and operations, and comprehensive financial services, and deepen multi-dimensional cooperation with CMEC Group to jointly serve national strategies.

Under the signed Strategic Cooperation Framework Agreement, the two sides will strengthen resource coordination. CMEC Group will leverage its advantages in consulting and design, industrial planning, engineering construction, project development, and overseas channel resources, while Guolian Group will fully leverage its comprehensive financial service capabilities and the synergy of industry-finance integration. The two sides will focus on three major areas of cooperation: “overseas expansion driving equipment exports,” engineering aftermarket services, and integrated investment-construction-operation in the new energy sector. Leveraging CMEC Group’s overseas network and engineering strengths, they will facilitate the “going global” of Guolian’s equipment products and services; extend into engineering aftermarket services such as power plant operation and maintenance and equipment upgrades to unlock full lifecycle project value; and, building on existing photovoltaic new energy cooperation, jointly advance integrated investment-construction-operation of new energy projects both domestically and internationally, while actively positioning in frontier areas such as hydrogen energy and zero-carbon solutions.

The two sides will continue to broaden cooperation areas and tap cooperation potential in industrial operations, technological innovation, financial services, and industrial investment, translating strategic consensus into concrete projects, jointly expanding domestic and international markets, continuously strengthening and enhancing state-owned capital, and contributing to the service of the national Belt and Road Initiative and the energy transition strategy.

Prior to the signing ceremony, Wang Bo and his delegation toured the Huaguang Environment & Energy equipment smart manufacturing base, gaining a detailed understanding of the advanced equipment production and manufacturing processes and the company’s business operations, and engaging in in-depth exchanges with relevant leaders on technological upgrading, clean energy solutions, and cutting-edge technologies.

Relevant heads from the Strategic Investment Department, the Science and Technology Development Department of CMEC Group, CHINA MACHINERY ENGINEERING WUXI CO., LTD. (CMEC Wuxi), as well as from the Finance Department and the Asset Management Department of Guolian Group, WHEE, and CMEC Guolian Wuxi New Energy Development Co., Ltd. (CMEC Guolian), attended the event.