Recently, China COSCO SHIPPING announced the third batch of "Specialized, Sophisticated, Distinctive and Innovative" SMEs cultivation list, in which COSCO SHIPPING Development's equity participation enterprise Powchan Financial Group Co.,LTD. (hereinafter referred to as "Powchan Financial Group"), Langwog Technology, a wholly-owned technology subsidiary of Powchan Financial Group has been successfully shortlisted for the list with its rich technology accumulation, excellent innovation achievements and sufficient talent reserves.

The award aims to implement the important instruction of General Secretary Xi Jinping on "cultivating a number of 'Specialized, Sophisticated, Distinctive and Innovative' small and medium-sized enterprises", and the proposal of the Fifth Plenary Session of the 19th CPC Central Committee on "Supporting innovative small, medium and micro-sized enterprises to become an important source of innovation", to continuously guide the Group's outstanding small and medium-sized enterprises to develop in the direction of specialization, refinement, features and novelty, to support excellence and promote newness, and to focus on cultivation, so as to build a group of science and technology leading enterprises, and to realize the deep fusion of science and technology innovation and industrial innovation.

Since its establishment, Langvog Technology has been providing all-round technical support for Powchan Financial Group and related enterprises, and has obtained the qualification of high-tech enterprise, as well as the qualification of "double-soft" of software enterprise certificate and software product certificate, and 1 patent and 33 software copyrights, which has become the core force for the implementation of Powchan Financial Group's digital transformation strategy.

Langvog Technology will take this shortlisting as a new starting point, anchoring itself in the Group's "Digital Intelligence" track, continuously expanding its R&D elites, refining its core technologies, consolidating its independent innovation capability, and firmly adhering to the direction of "Specialized, Sophisticated, Distinctive and Innovative" to provide higher quality scientific and technological innovation services to the Group as well as to its industry partners and contribute to the construction of Digital China.