Zhejiang Academy of Engineering Held a Signing Ceremony for the Introduction of Strategic Investors and the Transfer of Employee Equity.


Release time:

2019-01-18


 

  On the morning of January 16, 2019, the Zhejiang Engineering Institute held a signing ceremony in Hangzhou for the introduction of a strategic investor and the transfer of employee equity. Liu Di, Chairman of Beijing Sanlian Hongpu New Synthetic Fiber Technology Service Co., Ltd. (hereinafter referred to as Sanlian Hongpu), Zhou Yongqing, Chairman of the Zhejiang Engineering Institute, and Hong Xiaoming, General Manager of Hangzhou Chuangjia Investment Consulting Co., Ltd. (hereinafter referred to as Hangzhou Chuangjia), signed the equity transfer agreement in the presence of senior executives from all three parties and relevant shareholders. This marked the official completion of the Zhejiang Engineering Institute’s efforts to transfer the 39.5% of employee equity previously held by Hangzhou Chuangjia and to bring in Sanlian Hongpu as a strategic investor.

  At the signing ceremony, Zhou Yongqing, Chairman of Zhejiang Engineering Institute, stated that Sanlian Hongpu is a Zhongguancun‑based high‑tech enterprise specializing in technologies and equipment for the production of synthetic fibers and their raw materials. It is the first domestic engineering firm to offer comprehensive, high‑quality technical solutions for nylon polymerization and spinning, and it was listed on the ChiNext Board of the Shenzhen Stock Exchange in August 2014. Sanlian Hongpu boasts an industrial chain and corporate culture that align well with those of Zhejiang Engineering Institute, as well as a more robust corporate governance framework. Collaboration with Sanlian Hongpu will bring valuable experience and best practices to Zhejiang Engineering Institute, helping to advance its industrial development and further refine its corporate governance. He expressed confidence that, built on mutual trust, the partnership will reach new heights and achieve even greater success.

  Liu Di, Chairman of Sanlian Hongpu, stated that he is fully confident in the collaboration between Sanlian Hongpu and the Zhejiang Academy of Engineering. The two parties will leverage their respective strengths to advance the exploration and implementation of an integrated, end-to-end model for the chemical industry value chain. As a shareholder, Sanlian Hongpu will also provide robust support to the Zhejiang Academy of Engineering’s management team, offering strong backing for its development and, in turn, delivering enhanced returns to all stakeholders.

  Wu Zhou’an, Chief Engineer of Juhua Group and representative of the major shareholder of Zhejiang Academy of Engineering, highly commended the collaboration between Sanlian Hongpu and Zhejiang Academy of Engineering. He emphasized that the introduction of this strategic investor marks a milestone in the history of Zhejiang Academy of Engineering, expressing his hope that this initiative will propel the Academy into a new phase of development and, on this basis, further deepen cooperation between its shareholders—Sanlian Hongpu and Juhua Group. He is confident that, in the years ahead, all parties will join forces, pursue shared growth, and work together to forge a brighter future.