The 21st China-ASEAN Expo was held from September 24 to 28, 2024, in Nanning, Guangxi. As a special guest and strategic partner of this year's Expo, Hongwang Holdings Group and Guangxi Shenglong Metallurgical jointly prepared a co-branded exhibition boothwith the theme “Upholding Amity, Sincerity, Mutual Benefit and Inclusiveness for Common Development, Creating a Diamond Crown New Future - Promoting Development of a China-ASEAN Free Trade Area 3.0”, the Expo brought together resources from various countries, providing a solid platform for participating companies to explore markets and seize business opportunities.

The co-branded booth, covering approximately 114 square meters, focused on innovative technology, intelligent manufacturing, and energy-saving, low-carbon solutions, showcasing a wide range of products and advanced technical processes.

In January 2024, Hongwang Holdings Group formed a joint venture with Guangxi Shenglong Metallurgical to establish Guangxi Hongwang New Material Technology Co., Ltd. This company focuses on producing high-performance electrical steel and cold-rolled coated sheets. The entire factory is designed and constructed according to low-carbon and green principles, with construction officially beginning on August 30.