In early March 2018, our agents in Russia visited our factory and conducted a field inspection. The agent met us at the Aquarthem Exhibition in Moscow and expressed great interest in our boiler products, especially steam boilers. Through a certain understanding of our company and our products, he told us that he would like to be our sole agent in Russia. At the end of the exhibition, we also visited the agent to get a better understanding of the agent and the local market. At the same time, we made an appointment with the agent about the time of domestic visit.
After the 2018 New Year, the agent and his friend came to China in March to discuss specific cooperation with us. The business manager and relevant staff of our company received them and took them to visit our factory and boiler users. During the visit, they main focused on oil-gas fired steam boilers and oil-gas fired hot water boilers, were satisfied with our products and prices, and signed a two-year sole agency cooperation agreement to ensure that annual sales value is not less than 600,000 euros.