On December 24th, Guangyang Company made an announcement stating that it had entered into a Strategic Cooperation Agreement with Zhejiang Konghui Automotive Technology Co., Ltd. This collaboration will see the two entities embark on an all-encompassing strategic partnership, with a primary focus on products related to fully active suspension systems designed for intelligent driving. The overarching goal is to bolster Guangyang Company's footprint and drive business growth within the intelligent driving sector.

Guided by the principles of equality, mutual benefit, and a win-win approach, both companies intend to forge deeper ties in the research, development, manufacturing, and other critical facets of active stabilizer bars and line-controlled chassis components. It's worth noting that the execution of this strategic cooperation agreement does not necessitate approval from the company's board of directors or a shareholders' meeting. Furthermore, it does not entail any significant asset restructuring.