Gelonghui, May 20, 丨 Changjiu Co., Ltd. (06959.HK) issued an announcement. On the date of this announcement, the Group provided pledged vehicle monitoring services and car dealer operation and management services in China. The service capacity is supported by digital information infrastructure. The Group has been exploring and searching for potential business opportunities to develop and diversify the Group's existing business portfolio, promote overseas market cooperation, explore overseas development opportunities, and achieve long-term sustainable growth, thus bringing maximum returns to shareholders. The company plans to expand overseas markets and develop business in Southeast Asia.
The Company has recently strengthened cooperation with Metropolitan Bank (China) Limited (“Metropolitan Bank (China)”) and Sihanoukville Special Economic Zone Limited (“Westport Special Economic Zone Company”), and has respectively (i) signed a strategic cooperation framework agreement with Metrobank (China), and (ii) signed a memorandum of strategic cooperation in the automobile distribution market with the Westport Special Administrative Region Corporation. According to the strategic cooperation framework agreement, the company and Metropolitan Bank (China) will jointly develop cooperation opportunities in financial services and pledge vehicle monitoring services. Through mutual support and resource sharing, the two sides will jointly develop customized products that meet the needs of overseas customers or supply chains.
According to the Memorandum of Understanding, the Company and the Westport Special Administrative Region Company agreed to establish a strategic partnership, including: (i) the Company will establish an overseas warehouse and/or logistics service center in the Sihanoukville Special Economic Zone to provide warehousing services, vehicle pledge monitoring services, etc.; (ii) the Westport Special Administrative Region Company will provide the company with necessary land resource leasing, infrastructure support and related policy concessions; and (iii) the Company and the Westport Special Administrative Region will jointly conduct market research to explore new business opportunities in the field of automotive supply chain services.