On August 13, 2016, Qingdao Aerospace-Tech. Hatcher Co., Ltd. – a company held by Qingdao Eurofro Group Co., Ltd. – reached agreement on strategic cooperation with China Aerospace Science & Industry Academy of Information Technology. The two parties will work together on the basis of “long-term cooperation, governmental support, organisational planning, enterprise operation, market-driven, and project-lead”, closely complying with the Information Technology Development Planning on the 13th Five-Year Plan of the Qingdao Municipal Government. With our respective strengths in technology application and business expansion, together we will promote our cooperation in technological innovations, joint research, product development and market expansion, and business incubation, as well as actively engaging in and advocating technological innovations and industrial upgrades of local governments. This strategic cooperation marks the fundamental base for our firm’s movement toward China’s cutting-edge and high technology industry.