Xinghua New Materials revealed in an Announcement (the term 'Announcement' is appropriate for formal contexts and can be retained) that it has inked a Strategic Cooperation Agreement with Guangdong Guoteng Quantum Technology Co., Ltd. (hereinafter referred to as 'Guoteng Company'). The duo is set to forge a long-term and robust strategic partnership within the realm of quantum technology and its associated applications. Drawing on its profound industrialization expertise in the reflective materials sector, Xinghua New Materials will aid Guoteng Company in commercializing quantum technologies. In tandem, both entities will collaboratively delve into areas like quantum functional materials and quantum security applications, with the overarching goal of leveraging each other's strengths and jointly creating value. Guoteng Company stands out as a pioneering tech firm, boasting independent intellectual property rights throughout the entire industrial chain of quantum communication networks.