Siiico Technology and Agricultural Development Bank Foshan Branch signed a strategic cooperation agreement

On October 31, 2024, Siiico Technology Co., Ltd. (referred to as "Siiico Technology") and Agricultural Development Bank of China Foshan Branch (referred to as "Agricultural Development Bank Foshan Branch") officially signed a strategic cooperation agreement. Both parties have reached a consensus on the promotion of the manufacturing, recycling, and high-value reuse technology of "high-strength, high weather resistant, and easily recyclable plastic film (Gaobao film)" in the agricultural field. Under the attention and guidance of the Foshan Municipal Government, the government, banks, and enterprises collaborate to build a vision, promote agricultural modernization, serve rural revitalization, and promote integrated urban-rural development.

▲Siiico Technology and Agricultural Development Bank Foshan Branch signed a strategic cooperation agreement

This cooperation has received strong support from the Foshan Municipal Government. The Foshan Municipal Government provides a communication and cooperation platform for banks and enterprises, promotes communication and understanding between both parties, builds a multi-dimensional and all-round financial service system for banks to support the development of high-tech enterprises, promotes technological innovation and industrial iteration, and fully implements the Foshan government's industrial upgrading plan.

As a policy bank that assists and benefits agriculture, the Agricultural Development Bank of China Foshan Branch responds to national policies to support high-tech enterprises, which not only helps promote agricultural technological innovation and industrial upgrading, but also plays an important role in promoting green transformation, deepening rural reform, cultivating new quality productivity, improving financial service efficiency, reducing financing costs, and optimizing the business environment. It is an important financial support for promoting agricultural and rural modernization and rural revitalization strategies. The high-quality financial services provided by the Agricultural Development Bank of China Foshan Branch will promote the continuous promotion of "Gaobao Membrane" in the agricultural field, and promote a virtuous cycle among technology, industry, and finance.

According to the agreement, both parties will carry out in-depth cooperation on agricultural technology innovation, high standard construction of farmland, control of agricultural "non-point source" pollution, cost saving and efficiency improvement in planting industry, and protection of agricultural ecological environment. Siiico Technology will fully leverage the advantages of high strength plastic film products, such as "no need for thickening", "easy recycling", "high-value reuse", and "increased production and income in farmland", to promote the establishment of a circular industry chain for the production, application, recycling, and reuse of high-strength plastic films. Through the continuous promotion of Gaobao film, we aim to solve the problem of "white pollution" caused by ordinary plastic film being difficult to recycle and useless from the source, improve agricultural output and quality, and promote green agricultural development.

▲ On site signing ceremony

With the successful conclusion of the signing ceremony, representatives from both sides expressed confidence in future cooperation. This strategic cooperation not only marks a further deepening of cooperation between the Agricultural Development Bank of China Foshan Branch and Siiico Technology, but also indicates that both parties will jointly explore more innovative cooperation models in the integration of financial services and the real economy. This cooperation will accelerate the application of Siiico Technology's "high fortress film", effectively solve the problem of white pollution of plastic film, save costs and increase efficiency in agriculture, and promote green, sustainable and high-quality development of agriculture with "new quality productivity"!