On December 25 CNTIC signed a strategic cooperation framework agreement with Shanghai Electric Power Co., Ltd (SPIC). The signing ceremony was held by means of a video conference in Beijing and Shanghai. CNTIC chairman Lin Chunhai and SPIC chairman Hu Jiandong attended the ceremony and witnessed the signing of the agreement. CNTIC vice president Li Zhengli and SPIC vice president Huang Chen signed the agreement on behalf of the two companies, respectively.