On September 11, 2020, Shandong Yaohua Water Development Co., Ltd., jointly funded by Hunan M&W Energy saving Technology& Science Co.,Ltd. and Shandong Metallurgical Design Institute Co., Ltd., successfully held its first shareholder meeting in M&W. Chairman Qu Yingjie of M&W  and Deputy General Manager Liu Hongliang of Shandong Metallurgical Design Institute signed a cooperation agreement for the BOT project of the new and old kinetic energy conversion system optimization and upgrading project of the Laiwu Branch of Shanxi Iron and Steel Co., Ltd. . The cooperation of this project marked a new level of cooperation between M&W group and Shandong Metallurgical Design Institute.