VALA (02051) has entered into a "Strategic Cooperation Agreement" with Guilv Travel to accelerate the development of Valalife business in the cultural and tourism industry.

VALA(02051) announced that its wholly-owned subsidiary Hangzhou Vala Network Technology Co., Ltd. (Hangzhou Vala) has entered into a "Strategic Cooperation Agreement" with Guizhou Guilu Travel Service Co., Ltd. (Guilu Travel) to establish a long-term and stable strategic partnership. According to the main terms of the strategic cooperation agreement, both parties aim to establish a long-term and stable strategic partnership based on the principles of "resource sharing, complementary advantages, collaborative innovation, and mutual benefit and win-win". Through deep cross-industry integration, they will jointly explore a new business model of "cultural tourism + transportation + technology" to support Guizhou in building a world-class tourist destination. The main areas of cooperation between the two parties include resource coordination and co-building of cultural tourism scenes, digital empowerment and platform operation collaboration, joint brand operation and ecological construction, and standardization of services and exploration of industrial innovation. They will establish a system of high-level visits and regular meetings, and each will set up special working groups. Subject to compliance with laws and regulations and internal management systems of all parties, the parties agree to give priority to each other as business partners under equal conditions and provide necessary policy, technology, and channel support. The announcement stated that the group is committed to building core competitive barriers with "heavy product definition + light asset smart manufacturing + multi-dimensional channels + strong scene ecology", leading innovation to the track of new energy mobile lifestyle and aiming to become a "pioneer of Chinese electric vehicle life", promoting cars to evolve from a single transportation tool into a movable third living space, creating new seamless connections between urban and natural scenes. The board of directors believes that the cooperation with Guilu Travel, a state-owned tourist travel platform of Guizhou Province, will leverage the unique product advantages of the company's vala car and the platform advantages of Guilu Travel in cultural tourism resources to accelerate the layout of the company's valalife business in the cultural tourism industry. This cooperation represents Guilu Travel's confidence in the future development of the group's valalife business, as well as its recognition of the group's strength, market expertise, and execution capabilities. This strategic cooperation agreement also aligns with the group's long-term strategy to expand valalife business and enhance market brand influence.