On July 15, 2022, the signing ceremony of the project with an annual output of 100000 tons of "new aluminum alloy materials for vehicles" invested and constructed by Lizhong Group Longda Aluminum was held in Pizhou, Jiangsu Province.

　　Qiu Wenli, deputy secretary of the CPC Pizhou Municipal Committee, Li Pengfei, deputy mayor of Pizhou City, Zang Liguo, deputy chairman of Lizhong Group, Du Yongli, president of Longda Aluminum, leaders of Great Wall Precision Automobile (Pizhou) Co., Ltd. and major leaders of Pizhou Municipal Committee, Pizhou Municipal Government and Pizhou High-tech Zone Management Committee attended the ceremony.

　　Longda Aluminum is a business segment of the industrial chain of the professional supporting automobile main engine plants of Lizhong Alloy Group (stock code: 300428). It has set up 7 companies and 11 supporting factories in the main automobile production areas of China. The choice to invest and build the project in Pizhou, Jiangsu Province is an important strategic plan for Lizhong Group Longda to layout the East China market. As a first-tier supplier of lightweight materials for powertrain systems supporting the automotive industry for 27 years, and as the head end of the overall supply chain of the automotive industry, Longda Aluminum has always been committed to the research, development and manufacturing of "high-strength, high-toughness, aluminum instead of steel" lightweight aluminum alloy materials. With the country listing the recycled metal recycling industry as an important guarantee means to accelerate the carbon peak and carbon neutralization, Lunda Aluminum has further promoted the in-depth research on the processing and utilization scope of recycled materials and the continuous expansion of the industrial scale.

　　At the meeting, Secretary Qiu Wenli said that he welcomed and thanked the construction and investment of Longda Aluminum in Pizhou and the promotion of local economic development, and pointed out that the strength of Lizhong Group was strong, and the signing and cooperation would strongly promote the high-quality leapfrog development of Pizhou and Longda Aluminum.

　　Zang Liguo, the vice chairman of Lizhong Group, said that Lizhong Group would rely on the industrial base and human resources advantages of Pizhou and the deep cooperation relationship between Longda Aluminum and Great Wall Seiko, give full play to Longda Aluminum's years of experience in renewable aluminum alloy production technology and industrial advantages, and form the industrial scale advantage of new aluminum alloy materials for vehicles, with a view to achieving sustainable and healthy development in Pizhou.

　　Pizhou City, Jiangsu Province, is an ancient civilized city with a long history and has long ranked among the top 100 counties and cities with comprehensive strength in China. Longda Aluminum signed a contract with Pizhou Municipal Government to build a "new aluminum alloy material project for vehicles" with an annual output of 100000 tons, which is a localized aluminum liquid supporting supply project for Great Wall Motors (Pizhou) parts project - Jingcheng Engineering, and is an important project in response to the national "double carbon" development strategy. The investment and construction of this project marks the development of the Longda aluminum business sector of Lizhong Group in Pizhou and opens a new chapter. Extending the industrial chain through the recycling of renewable resources can not only guarantee the demand for low-carbon and green aluminum alloy materials of Great Wall Seiko, but also create conditions for the development of low-carbon and green lightweight auto parts industry in Pizhou.