The establishment of a strategic joint working group signifies a progression for these two leading companies in their respective fields, moving from supply chain cooperation towards deep technical collaboration and ecosystem co-development.

On April 7th, according to an announcement from Nsing Technologies Inc. (300077.SZ), the company and Shenzhen Inovance Technology Co., Ltd. (300124.SZ) have formally signed a strategic cooperation agreement in Shenzhen and established the "Inovance Technology - Nsing Technologies Strategic Joint Working Group." The agreement stipulates that both parties will engage in deep collaboration centered on core industrial automation areas, including servo systems, frequency converters, and programmable logic controllers (PLCs). Nsing Technologies Inc. will provide underlying chip technology and core technical support to Shenzhen Inovance Technology Co., Ltd., jointly promoting independent innovation and intelligent upgrades within the industrial control sector. The formation of this strategic joint working group marks a significant step for the two industry leaders from supply chain partnership to in-depth technological synergy and joint ecosystem building.