On 20 February, Ma Xuyao, Party Committee Secretary and Chairman of Fast Group, met with Corey S. Wurtzbacher, General Manager of Driveline Systems, Caterpillar Large Powertrain Division and his team at Xi'an High-Tech Plant. The two parties held friendly talks on strengthening future strategic cooperation. Chen Xueqing, Driveline Technical Manager of Caterpillar Large Powertrain Division, Wang Yafeng, Vice President of Fast Group, attended the meeting.

Ma Xuyao highly affirmed the achievements made in the strategic cooperation between the two parties for many years. He said, relying on the joint efforts of Fast and Caterpillar, the FC JV's production and sales have seen significant growth for three consecutive years, heavy-duty AT production and sales ranked first in China, the market share continues to increase, the products are exported to more than 30 countries and regions, such as Eastern Europe, Southeast Asia, South America, Africa, etc.. FC JV has stepped into the fast track of development. We hope that the two sides will further deepen the strategic cooperation, help the company to expand new space, build new advantages and create a new situation in the global, high-end, professional and diversification market competition.

Corey S. Wurtzbacher appreciated Fast's innovative development achievements and said that Caterpillar will continue to uphold the concept of sincere cooperation and provide more support for FC JV to achieve greater development. It is hoped that both parties will further strengthen communication and exchange to achieve win-win development.