On July 9th, SUNBUN Group Co., Ltd. and Industrial and Commercial Bank of China (ICBC) Wenzhou Branch signed a strategic cooperation agreement, establishing a new model of bank-enterprise alliance to empower high-quality development in the manufacturing industry.

Hu Yin, the President of ICBC Wenzhou Branch, and Jiang Wei, the Chairman of SUNBUN Group Co., Ltd., attended the signing ceremony and witnessed the signing of the strategic cooperation agreement granting a credit line of 1 billion RMB between ICBC Wenzhou Branch and SUNBUN Group Co., Ltd.

President Hu Yin stated that the signing of this strategic cooperation agreement signifies the opening of a new chapter in the bank-enterprise cooperation model in Wenzhou. Over the past two decades, ICBC Wenzhou Branch and SUNBUN Group have forged a mutually beneficial partnership based on trust and continuous cooperation. Throughout their development journey of more than 20 years, SUNBUN Group has remained focused on their core business of hydraulic core components, showing unwavering commitment and determination to revitalize the national industry. President Hu expressed full support for SUNBUN, as supporting the equipment manufacturing industry is synonymous with supporting a technology-strong nation. Standing at the new starting point of the Party's 100th anniversary, he believed that both parties would seize this opportunity to create a broader future in their cooperative development.

Chairman Jiang Wei expressed gratitude for ICBC Wenzhou Branch's consistent trust and support over the past two decades, as it is this support and assistance that has inspired SUNBUN to steadfastly pursue breakthroughs in high-end hydraulic core components. Today, guided by the cultural principles of "Learning Party History, Establishing a Centennial SUNBUN," SUNBUN continues to draw strength from the party's century-long history to move forward and strive. The goal of their progress is to manufacture excellent "China Core" for the country's heavy equipment industry, and to effectively build, inherit, practice, and innovate red culture within private enterprises. Chairman Jiang firmly believed that under the call of responsibility and mission, SUNBUN would not let down the support and expectations of ICBC leaders and all sectors of society. With a focus on their core business, innovation, and dedicated development, they would elevate the future of both parties' endeavors and cooperation to new heights, jointly creating a brighter future.