Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang (300469.SZ) signed a strategic cooperation framework agreement with the Jiangsu State-owned Enterprises Science and Technology Working Committee and the Central Internet of Things Finance Committee.

Announcement from Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang (300469.SZ): The company has signed a "Strategic Cooperation Framework Agreement" with the Jiangsu Province Innovation and Entrepreneurship Research Association Jiangsu State-owned Enterprise Technology Innovation Working Committee ("Science and Technology Committee") and the China Logistics and Procurement Federation Logistics and Supply Chain Financial Sub-Committee ("Logistics and Supply Chain Financial Committee") on September 24, 2024. The three parties agree to establish a long-term and sustainable strategic partnership focusing on industry policy consulting services for the Jiangsu Provincial Government and business and finance empowerment for state-owned enterprise supply chain in all scenarios. It is reported that the signing of this agreement establishes a strategic partnership among the three parties, facilitating the full utilization of their respective strengths and the sharing of resources. Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang will leverage the authority in the transportation industry and the advantage in transportation big data of the Transportation Telecommunication Group to promote the scalable application of the Jiaoxin Beidou smart terminals in the logistics vehicles at the suburban warehouses and the application of "Beidou+" in infrastructure safety monitoring at the warehouses, contributing to the upgrade of supply chain for state-owned enterprises in Jiangsu Province and actively expanding into the Jiangsu market.