The Changshu Municipal Government and C&D Co., Ltd. have signed a strategic cooperation agreement.

On January 21, the Changshu Municipal Government and Xiamen C&D Corporation signed a strategic cooperation agreement. The two parties will engage in extensive and in-depth collaboration across sectors including new energy, real estate, and emerging industries, with the aim of driving industrial transformation and upgrading in Changshu and fostering the stable and healthy development of its real estate market. Municipal Party Secretary Yu Wei witnessed the signing ceremony and met with Lin Mao, Chairman of C&D Corporation, and his delegation.

During the meeting, Yu Wei welcomed Lin Mao and his delegation, expressing gratitude for C&D Shares’ support of Changshu’s development. He noted that Changshu boasts a profound historical and cultural heritage, an outstanding ecological environment, and a solid industrial foundation, with its overall strength consistently ranking fourth among China’s top 100 counties. At present, Changshu is thoroughly studying and implementing the spirit of the 20th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Committee, developing new‑type productive forces tailored to local conditions, accelerating the cultivation of large enterprises and the expansion of a robust echelon of specialized, refined, distinctive, and innovative firms, and fostering new drivers and advantages for growth. C&D Shares played a pivotal role in the restructuring of Zhongli Group, and it is hoped that, taking this collaboration as an opportunity, C&D Shares will continue to broaden areas of cooperation, speed up its integration into Changshu’s development framework, and promptly achieve a transition from “localized breakthroughs” to a “systematic strategic layout,” thus writing a new chapter of higher‑level win‑win cooperation. The Changshu Municipal Party Committee and Municipal Government will, as always, provide attentive and considerate services, ensuring that enterprises can grow and thrive in Changshu with peace of mind.

After briefly outlining the development of C&D Shares’ supply chain, real estate, and other business segments, Lin Mao stated that the company will further leverage its industrial-chain strengths, accelerate synergistic growth with Changshu, and contribute to the region’s economic and social development through high‑quality, comprehensive cooperation.

Xiamen C&D Co., Ltd. was listed on the Shanghai Stock Exchange in 1998, and its key financial indicators—including operating revenue, net profit, and shareholders’ equity—have grown at an average annual rate of nearly 30% for many consecutive years. The controlling shareholder of C&D Co., Ltd. isXiamen C&D Inc. Co., Ltd., which ranked 85th on the Fortune Global 500 list in 2024. C&D Co., Ltd. has established a strong presence in both the new energy and cable industries; its newly established subsidiary, Changshu Guangsheng, has become the largest shareholder and controlling shareholder of Zhongli Group. With the restructuring plan now fully implemented, C&D Co., Ltd., leveraging its extensive international trade experience and robust financial strength, will help Zhongli Group integrate industrial resources, replenish working capital, and upgrade its two core businesses—cables and photovoltaics—thereby comprehensively enhancing the group’s development quality and long-term sustainability. At present, Zhongli Group’s restructuring plan has been successfully completed, and its shares have resumed trading.

City leaders Wang Jianguo and Xia Junyong attended the signing ceremony and participated in the meeting.