On November 11, 2024, the composite insulators of CYG Insulator Co.,Ltd. (referred to as CYG Insulator) and the cable terminal equipment of CYG Electric Co., Ltd. (referred to as CYG Electric)were officially powered into operation for the transmission and distribution project in Lima, Peru, both belonging to Changyuan Technology Group's subsidiaries. 

These two subsidiaries jointly provided reliable power supply support to ensure the smooth operation of the APEC Business Summit, held from November 13 to 15 in Lima, Peru.

Peru is one of the first Latin American countries to establish diplomatic relations and a comprehensive strategic partnership with the People's Republic of China, as well as one of the earliest to sign a package of free trade agreements with China. Over the years, the joint construction of the "Belt and Road Initiative" has significantly boosted Sino-Peruvian economic and trade exchanges, elevating levels of practical cooperation. This collaboration has become a crucial driver that benefits both countries, while fostering growth in Latin America and positively impacting global development.

CYG Insulator Co.,Ltd. is a subsidiary of Changyuan Technology Group LTD. (Stock abbreviation: Changyuan Group, stock code: 600525.SH). It’s also one of the core industrial companies in CYG Electricity & New Energy Materials Business Group. Established in August 1994, CYG Insulator is a high-tech enterprise which researches, develops, produces and sells composite insulators and their series products for WHP high power lines and electrified railways. The company has 25% professional R&D personnel. CYG Insulator has the capacity and ability of researching, manufacturing and inspection both ±1100kV HVDC and 1100kV HVAC and below voltage levels of composite insulators and the operation of 350km/h high-speed railway composite insulators product. It has successively obtained the qualification recognition of National Specialized and New "Little Giant" Enterprise, National Key "Little Giant" Enterprise, Specialized and New Enterprise of Guangdong Province, and Green Factory of Guangdong Province and so on.