International Cooperation

The entering into of memorandum of understanding with the Regents of the University of Michigan and TusStar

On 18 January 2017, the Company entered into a memorandum of understanding on strategic cooperation (the “MOU”) with The Regents of the University of Michigan and TusStar Incubator Investment Ltd. (“TusStar”). The purpose of the MOU is to develop and expand a framework of cooperation among the parties through setting up an incubation center in Michigan with venture capital and private equity funds equipped, in order to support the technology development and commercialization of smart mobility and new energy vehicles for the global market. Details of which are set out in the announcement of the Company dated 18 January 2017.

Whole-chain technological service provider with the science park as the carrier.