According to the Zhitong Finance APP, Paguld (301456.SZ) announced that the company ("Party B") recently signed a "Strategic Cooperation Agreement" with Shandong Wantong Hydraulic Co., Ltd. (hereinafter referred to as "Wantong Hydraulic" or "Party A"). The two parties have decided to deepen cooperation in multiple dimensions such as research and development innovation, procurement collaboration, supply chain integration, market expansion, and capital operation in the hydraulic field to establish a long-term and stable strategic partnership. Through friendly consultations, they aim to fully leverage their respective advantages, jointly promote forward-looking research and product development, enhance supply chain efficiency and cost control capabilities, engage in capital industrial investment cooperation, establish a complementary advantage mechanism, and promote the enhancement of both parties' business capabilities and overall strength. This will strengthen their market competitiveness and industry influence, create broader commercial value and social benefits for both parties, and jointly promote the sustainable development and technological innovation of the hydraulic industry