Chu Kong Steel Pipe Group and Xiamen ITG Metals Sign Memorandum of Understanding

On June 30, Chu Kong Steel Pipe Group Co., Limited (hereinafter referred to as "Chu Kong Steel Pipe Group") and Xiamen ITG Metals Co., Ltd. (hereinafter referred to as "Xiamen ITG Metals") held a signing ceremony for a Memorandum of Understanding (MOU) at Xiamen ITG Center, reaching important consensus on steel products supply and market cooperation.

Dan Zhaoxue, General Manager of Chu Kong Steel Pipe Group; David Li, Deputy General Manager of Chu Kong Steel Pipe Group; Rong Kunming, Vice President of ITG Co., Ltd.; Zhao Dongfei, General Manager of the Iron and Steel Business Cluster of ITG Co., Ltd.; Han Yun, Deputy General Manager of Xiamen ITG Metals; and business representatives from both parties attended the signing ceremony.

At the signing ceremony, both parties reviewed the solid foundation of cooperation in the field of special steel and conducted in-depth exchanges on deepening cooperation in the future. Relying on profound technical accumulation, excellent product quality and wide recognition in domestic and overseas markets, Chu Kong Steel Pipe Group has established a solid brand in the field of welded steel pipe manufacturing and supply. Xiamen ITG Metals, affiliated to the Iron and Steel Business Cluster of ITG Co., Ltd., has built an extensive overseas channel network with sound overseas platforms as strategic fulcrums. Both parties are highly aligned in industrial layout and development concepts.

According to the MOU, in the future, both parties will jointly build a complete channel covering the upstream and downstream of overseas special steel. Leveraging Chu Kong Steel Pipe Group's advantages in product competitiveness and market resources, and combining with the resource and channel advantages of ITG Co., Ltd.'s overseas platforms, they will achieve precise resource connection and complementary advantages, deeply explore the vast cooperation opportunities hidden in the supply chain field, and realize efficient resource integration and value co-creation.

About Xiamen ITG Group Co., Ltd.

Xiamen ITG Group Co., Ltd. (referred to as "ITG Co., Ltd.", stock code: 600755.SH) is a core member enterprise of ITG Holding Group, a Fortune Global 500 company. Focusing on the core main business of supply chain management, ITG Co., Ltd. deeply cultivates 8 vertical industrial chains: "metallurgy, energy and chemicals, textiles, non-ferrous metals, pulp and paper, agricultural products, rubber, and new energy". It has innovatively proposed the business model upgrading strategy of integrating the supply chain, industrial chain, and value chain (the "Three Chains Integration") — with full-process supply chain services as the core, international industrial chain operation as the support, and high-efficiency value chain collaboration as the guarantee, so as to promote the continuous iteration and upgrading of its own business and inspire the enterprise to continuously carry out value creation.