Jinggong Steel Building Group signed a cooperation agreement to promote the prefabricated building system and successfully developed business in Shandong Province

Jinggong Steel Building Group disclosed on the evening of October 18 that recently, its wholly-owned subsidiary Zhejiang Jinggong Green Building System Co., Ltd. signed a prefabricated construction system cooperation agreement with Linyi Luozhuang District Industrial Development Co., Ltd. and Tianyuan Construction Group Co., Ltd. Zhejiang Jinggong Green Building System Co., Ltd. will authorize the prefabricated building technology system to the partner, and establish a joint venture with the partner in Linyi City, Shandong Province to jointly develop the prefabricated building industry.

Luozhuang District Industry Development Co., Ltd. In Linyi City is a Linyi State Assets Industry Investment Management Company; Tianyuan Construction Group is the largest general contracting enterprise in Shandong Province, a top 500 enterprise in China, and a top 50 enterprise in China's construction industry. This technology authorization is a strong cooperation between the company and the best construction company in Shandong Province and the Linyi Municipal Government. It is the development of the company's technology authorization business in a new province—Shandong Province. Prior to this, the company has carried out technology licensing business with enterprises in Ningxia, Hebei, Liaoning, Shanxi, Henan, Hunan and other provinces.

The company said that the signing of this agreement involves a resource use fee of 40 million yuan, which will have a positive impact on the company's net profit this year. At the same time, the company is building an "innovation-driven steel structure technology platform company", and technology authorization is one of the important implementation ways to realize this strategy. The company has established close cooperative relations with regional outstanding enterprises and local governments through technology authorization and establishment of joint ventures, which will help the company seize the development opportunities of the authorized regional prefabricated construction industry and rapidly increase the market share of Jinggong Green Architecture integrated buildings.