Gelong Hui (603031) (605198)FreebingothatpaysrealmoneySH) announced that the company signed with the Yichuan County people's Government of Yan'an City (referred to as "Yichuan County Government", Party A) on May 11, 2024.FreebingothatpaysrealmoneyThrough friendly consultation between Party An and Party B, the Strategic Cooperation Framework Agreement has reached the following cooperation intention on Party B's investment in the construction of concentrated juice production project in Yichuan County:

Both parties intend to make full use of Party A.FreebingothatpaysrealmoneyThe advantages of resource allocation, industrial support policies and Party B's advanced technology, management experience and market, carry out omni-directional and multi-level cooperation in the investment and construction of concentrated fruit juice projects, and actively promote the development of apple industry in Yichuan. Drive local farmers to continue to increase production and income.

This time, we signed a strategic cooperation framework agreement with the Yichuan county government to integrate apple resources in the new concentrated juice production line in Yichuan county, which is in line with the company's strategic planning for deep ploughing. If the agreement can be effectively implemented, from the perspective of long-term development.FreebingothatpaysrealmoneyThe promotion of the project can further enhance the competitiveness of the company in the industry and will have a positive impact on the future development of the company.