Lianyu shares increased investment in Luoyang AVE to jointly explore new blue oceans of high-end precision manufacturing

On September 23rd, Lianyu Co., Ltd. and Luoyang AVE Precision Bearing Co., Ltd. (hereinafter referred to as "Luoyang AVE") held a formal and grand strategic cooperation signing ceremony at Lianyu Co., Ltd.'s headquarters. Lianyu Co., Ltd. made a strategic investment in Luoyang Aoweite, becoming its major shareholder, and jointly embarked on a new chapter of collaborative development in the high-end precision manufacturing industry.

Lianyu Co., Ltd. Chairman Mr. Xu Jianyong, General Manager Mr. Pan Nianhua, Deputy General Manager Mr. Gan Zhoucong, and Financial Director and Board Secretary Ms. Li Qunyan attended the signing ceremony, along with Luoyang AVE General Manager Mr. Zhang Ke and Executive Director Ms. Feng Fan.

Luoyang AVE, an ISO 9001 certified company, is a professional company in the domestic precision bearing industry, specializing in the research and development and manufacturing of high-end, precision, and cutting-edge products. With extensive technical expertise in R&D and manufacturing, its flagship products have reached or approached internationally advanced levels in key performance indicators such as accuracy, maximum speed, temperature rise control, and operational stability. Luoyang AVE has long focused on its core business of precision bearings. Its products are primarily used in key applications, such as high-precision machine tools, direct-drive motors, industrial robots, automation equipment, aerospace, harmonic reducers, medical instruments, and radar, both domestically and internationally, where bearing performance is critical. The company has become a long-term and stable supplier to many renowned domestic equipment manufacturers, successfully replacing imports of some high-end bearings.

Lianyu Shares, a domestic company with extensive R&D and high-end manufacturing expertise in the global optoelectronic lighting sector, chose to increase its investment in Luoyang AVE based on its expertise and market potential in precision bearing R&D and manufacturing. According to the cooperative agreement reached by both parties, upon completion of the capital increase, Lianyu Shares and Luoyang AVE will deepen their collaboration around precision bearing technology, a key area of development for the "Made in China" industry. The two companies will collaborate closely on R&D and industrial development, jointly promoting a new phase of coordinated development through "capital + technology + industry," accelerating the development of precision manufacturing both domestically and globally, injecting new impetus into the high-quality development of my country's high-end manufacturing industry, and moving towards the global value chain of intelligent manufacturing.