On October 16, HGTECH signed a strategic cooperation agreement with Far East Holding Group Co., Ltd. The two leading enterprises will engage in deep cooperation across multiple fields to promote business development and innovation. Through business integration, technological innovation, and industrial chain complementarity, both parties aim to jointly enhance the application of "Laser + Intelligent Manufacturing" and accelerate digital transformation and upgrading. Chairman Ma Xinqiang and Mr. Jiang Xipei, Founder and Chairman of the Board of Far East Holding Group, signed the agreement on behalf of the two companies.
Founded 38 years ago, Far East Holding Group has an annual revenue of over RMB 50 billion, a brand value of RMB 101.866 billion, and nearly 10,000 employees. It has been listed among the “Top 500 Chinese Enterprises,” “Top 500 Chinese Private Enterprises,” and “Top 500 Chinese Manufacturing Enterprises” for many consecutive years. Its listed subsidiary, Far East Cable Co., Ltd., focuses on three main business segments: intelligent cables, smart batteries, and smart airports.
Chairman Ma Xinqiang sincerely thanked Far East Holding Group for its warm reception. He remarked that over the past 38 years, Far East has undergone five rounds of restructuring and six significant leaps in development — a remarkable entrepreneurial and growth journey. He praised Mr. Jiang Xipei for his determination and perseverance as an outstanding entrepreneur. Ma noted the shared values and management philosophies between the two companies, the high degree of industrial synergy, and strong cooperation potential. He looked forward to seeing more “sparks” of innovation in their future collaboration.
Mr. Jiang Xipei, Founder and Chairman of the Board of Far East Holding Group, emphasized that high-quality enterprise development depends on outstanding talent. He acknowledged HGTECH’s “Qingmiao Talent Program,” which recruits and cultivates high-potential young talent from top universities (Project 985 and 211), noting its strong alignment with Far East’s “Relay 100” talent initiative. He pointed out the high degree of similarity between the two companies in terms of talent strategies, corporate culture, and Party building efforts. Both are patriotic and mission-driven companies. Mr. Jiang expressed hope for strengthened exchanges, deeper mutual understanding, and joint contributions to China’s high-quality development.
