Yueyang City Government, Huayang Investment and China Auto Parts Industry Company recently held a strategic cooperation signing ceremony. This cooperation planned the adjustment of the main business structure of A-share company Yueyang Hengli and its follow-up development goals.

Huayang Investment is the second largest shareholder of Yueyang Hengli . After the shareholder meeting of listed companies agreed, it led Yueyang Hengli’s industrial development and capital operation. Huayang Investment has promised to gradually optimize the adjustment of the main business structure through gradual integration and restructuring, and gradually build Yueyang Hengli to build a billion-dollar investment-controlled listed company. China Auto Parts Industry Corporation is a wholly-owned subsidiary of China National Machinery Industry Corporation and a comprehensive service-oriented key enterprise in the state of auto parts integration services.

According to relevant agreements, Huayang Investment will cooperate with China Steam Parts in the future to upgrade and upgrade Yueyang's existing auto air-conditioning business and introduce new auto parts business. The main measure is to separate and establish a professional subsidiary in the automotive air-conditioning business of Yueyang Hengli's headquarters, and to integrate with Shanghai Heng'an existing business, add investment in technological transformation, and build a large-scale automotive air conditioning division with market competitiveness. In addition, Huayang Investment and China Automotive Components will build a high-end auto parts industrial base in the Lingang Industrial New Area, strive to see the scale of the first 3 to 5 years, and introduce 10 to 20 industrial enterprises. SAIC Auto Parts promises to realize the business goal of Yueyang Hengli Auto Parts Business Segment's output value exceeding RMB 3 billion in 3 years or so.

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