Dalian Huarui enters management deal with parent firm

Dalian Huarui Heavy Industry Group (SZSE: 002204) has announced a deal where it will manage certain functions of its controlling shareholder, Dalian Heavy Industry Equipment Group. Under the "Entrust Management Agreement," Dalian Huarui will oversee routine management tasks for specific departments within Heavy Industry Equipment Group, effective March 21, 2025, through December 31, 2025. Dalian Huarui will manage areas within Heavy Industry Equipment Group's office, public affairs, strategy, finance, risk control, HR, IT, technology R&D, marketing and supply chain.