CIL GROUP (01719.HK): subsidiary enters five-year strategic cooperation with Wuhan New Material on port machinery surface protection materials
NewTimeSpace News: On 20 August 2026, China Infrastructure & Logistics Group Ltd. (stock code: 01719) announced in a voluntary announcement that its indirect wholly-owned subsidiary Tongsun Supply Chain Management (Wuhan) Co., Ltd. entered into a strategic cooperation framework agreement with Wuhan Changtao New Material Co., Ltd. on 24 July 2026, under which the parties agreed to establish a five-year strategic cooperation relationship aimed at developing new technologies and products for surface protection materials for port machinery and facilities, applying for patents on such technologies and products, and establishing a new innovative business platform.
According to the announcement, the parties will leverage their respective laboratories, production and R&D equipment and professional technical teams to develop and set up an innovation center for R&D of high-durability, multi-functional surface protection coatings and related products. Under the agreement, production of the new technology products will be carried out by Wuhan New Material's factories and equipment according to the formulations developed in the laboratory, with Tongsun Supply Chain supervising the production process throughout and serving as the sole sales platform exclusively selling the new technology products within the port industry, with all intellectual property rights of the new technology products belonging to Tongsun Supply Chain.
The announcement states that the Company has been deeply engaged in the trading sector for many years with stable port customer resources and mature supply chain integration capabilities; this vertical integration into the production of new technology products will position the Group as a comprehensive service provider of new anti-corrosion materials for ports, in line with its long-term development strategy, with the parties to enter into formal agreements for the implementation of the business projects.
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