On the morning of March 24, 2021, Mr. Shen, the General Manager of Federal Mogul Asia Pacific, and his delegation visited our company for guidance. The company's General Manager Mao Zhifang, Vice General Manager Hu Yajun, and other leaders warmly received them.
Accompanied by others, I walked into the office area, technology research and development center, quality management center, and production workshop to inspect and understand various work, and carefully examined our company's process specifications, production efficiency, product quality control, and other situations.
Federal Mogul is a global automotive parts manufacturer that holds a leading position in the automotive parts industry with its advanced development capabilities, professional manufacturing technology, and numerous well-known brands. In 2008, Ningbo Zhejiang Metalworking established a strategic partnership with Federal Mogul Corporation. Over the past decade, the two sides have mutually beneficial and courageous in exploring new opportunities, gradually advancing and deepening their cooperative relationship.
After the visit, both parties had in-depth discussions, and Mr. Shen fully affirmed the overall operation of our company. He also expressed gratitude to Zhejiang Metalworking for providing high-quality and reliable products and awarded our company the title of "Excellent Strategic Supplier". Federal Mogul and our company have signed a significant cooperation agreement, and the new project will elevate both parties' businesses to a higher level, which is also the greatest recognition of the metalworking company.
Zhejiang Metalworking and American Federal Reserve will maintain close cooperation, uphold a serious, rigorous, and responsible attitude, ensure timely supply, reliable product quality, and optimal service to accelerate the development of each other's businesses, and establish a long-term and profound strategic partnership.