FULONGMA GROUP (603686.SH) collaborates with Huawei Cloud Computing on the development of autonomous driving technology for sanitation vehicles.

FULONGMA GROUP (603686.SH) announced that, in order to accelerate the intelligent upgrade of the company's sanitation equipment and build technological barriers and first-mover advantages in the intelligent sanitation field, the company plans to sign relevant contracts for the development of sanitation autonomous driving technology and carry out cooperation on the development of sanitation autonomous driving technology with Huawei Cloud Computing Technologies Co., Ltd. (referred to as "Huawei Cloud Computing"). This cooperation is an exclusive strategic cooperation between the company and Huawei Cloud Computing in the field of intelligent sanitation. The total contract amount is RMB 200 million (tax included), with a term of 3 years. This cooperation is an important strategic measure for the intelligent upgrade of the company's sanitation equipment. Through exclusive technical cooperation with Huawei Cloud, relying on its technological accumulation in artificial intelligence, autonomous driving, embodied intelligence, and other fields, and combining it with the company's deep experience in sanitation scenarios, it will help rapidly improve the company's end-to-end sanitation autonomous driving system capabilities, build a full-stack technology system covering intelligent perception, decision planning, and control execution, and form an intelligent product platform with independent intellectual property rights; it will help launch unmanned sanitation equipment products with high-level autonomous driving capabilities, enhance the core competitiveness and differentiated advantages of products, and better meet the market's demand for intelligent sanitation equipment; it will help consolidate the company's intelligent technology foundation, provide strong support for the "intelligent equipment + smart services" dual-wheel-driven strategy, and assist the company in its transformation and upgrading into an overall solution provider for human settlement environment services. This cooperation has established a guarantee mechanism for joint research and development and joint marketing. The two parties have set up a joint working group to deeply collaborate in technology research and development, product definition, testing and verification, market promotion, and other aspects. Through the joint research and development mechanism, the technical teams of both parties will work closely together to accelerate technology iteration and product implementation; through the joint marketing mechanism, they will jointly expand the intelligent sanitation equipment market and amplify the cooperation effect. The above mechanisms provide organizational guarantees for contract performance and are conducive to project delivery on schedule and the transformation of results.