Core Viewpoint - The company has signed a cooperation framework agreement with Suzhou Weirham Welding Technology Co., Ltd. to enhance market competitiveness and expand the application of cladding technology, particularly in the oil and gas market and overseas markets [1][2] Group 1: Cooperation Agreement - The cooperation will leverage both parties' resources in technology, market, brand, and capital to develop practical collaborations in special welding technology applications and anti-corrosion and wear-resistant equipment [1] - A joint venture will be established, with the company holding a controlling stake and Weirham as a minority shareholder, to create a platform for cooperation [1] - The initial focus will be on expanding into the oil and gas market and establishing overseas manufacturing bases, particularly in the Middle East [1] Group 2: Impact on Business - The framework agreement is not expected to have a significant impact on the company's current year operating performance, with future impacts dependent on the specifics of the collaboration [2] - The agreement will not affect the company's business independence, and it will not become reliant on Weirham for its operations [2] - The company aims to actively explore domestic and international oil and gas markets, aligning with its strategic planning [2] Group 3: Market Expansion and Technology Development - The company has been involved in overseas projects in countries such as the USA, UK, Canada, and Germany, serving notable clients like General Electric, Oschatz, and Mitsubishi [3] - The company is increasing R&D investments in various fields, including gas boilers, thermal power, and marine equipment, while also focusing on advanced technologies like laser cladding and secondary remelting [3] - Future growth points are expected to come from product diversification, application area expansion, and international market development, with a focus on establishing a production base in Vietnam [3]