Gelonghui, April 17 | Tongbao (301339.SZ) said at an investor relations event that the company is actively promoting the construction of the ETC ecosystem and innovating the smart transportation derivative business model. Adhering to the ETC “down the road into the city” strategy, the ETC smart parking business pioneered the overall solution of “electronic fence” technology in the country, supporting various functions such as global no-parking and senseless payment of historical arrears, and effectively solving the “dripping” problem of traditional parking models. It has now been successfully launched in about 30 regions, including Suqian City, Taizhou City, Chongchuan District of Nantong City, and Taicang, Suzhou, etc., which has significantly improved the convenience of payment, and has been widely praised by parking operators. The company is the main implementing unit for the only ETC smart parking “provincial demonstration zone” pilot project in the country. By the end of 2023, it had launched more than 3,000 parking lots, achieving multi-scenario applications with radiation effects, while deepening the integrated development of high-speed dynamic smart transportation and urban static smart traffic.