On November 16, 2022, Tianjin Lingang Industry and Finance Development Group Co., Ltd. and JETONDA Automobile Group Co., Ltd. held a strategic cooperation signing ceremony. Ji Xiaochen, Secretary of the Party Branch and Chairman of the Industry and Finance Group, Xu Qing, Deputy General Manager, Yuan Qiurong, General Manager of Lingang Leasing Company, Gao Yang, Deputy General Manager, Zhu Wenlong, Executive Deputy General Manager of JETONDA Automobile Group, Wang Qingsen, Administrative Director, Zhou Zuochao, General Manager of Rentong International Leasing Business Manager Huang Qiang and Tianjin JETONDA Yongda General Manager Wang Qianqian attended the signing ceremony.

Tianjin Lingang Industry and Finance Development Group Co., Ltd. was established in December 2021. It is an important secondary group company established by Tianjin Lingang Investment Holding Co., Ltd. under the Tianjin Port Free Trade Zone Management Committee to deepen state-owned enterprise reform and promote market-oriented transformation of existing business. Its subsidiaries include seven companies: financing leasing company, fund company, supply chain company, commercial factoring company, grain exchange, commercial company, and railway company. JETONDA Automobile Group Co., Ltd. has been deeply involved in the field of automobile circulation for more than 20 years, and is a group oriented enterprise mainly investing in automobile 4S stores. Since its establishment, it has grown into a group company that covers all aspects of automotive life, from new car sales to second-hand car transactions to environmental dismantling of used cars. In 2022, JETONDA Group was listed as 39 of the top 100 Chinese automobile dealer groups and 67 of the top 100 enterprises in Tianjin.

During the signing ceremony, both parties had in-depth discussions on future cooperation models and development strategies. The Industry and Finance Group will fully leverage comprehensive service tools such as leasing, factoring, and supply chain, and work together with JETONDA Group to leverage their professional advantages in their respective business areas to jointly explore business areas and strengthen cooperation in new car procurement, car sales, new energy vehicle promotion, second-hand car trade, and parallel import car trade. Industry and Finance Group will also vigorously support the business ecosystem of JETONDA Group, relying on business scenarios to carry out financing businesses such as test drive vehicles, commuting vehicles, new energy vehicles, and supporting equipment, and provide financing services for JETONDA Group and upstream and downstream customers.

Cooperation leads to development, and unity leads to win-win results. After this signing ceremony, Industry and Finance Group will work together with JETONDA Automobile Group to jointly face and actively explore solutions to the business environment, business innovation, and other issues encountered in business development. At the same time, based on the long-term development of the automotive industry, strengthen industry communication, deepen industry cooperation, and jointly promote the development of the automotive industry.