At the end of May 2023, Shanghai CIMC Baowei Industrial Co., Ltd., directly under CIMC Group, held a strategic cooperation agreement signing ceremony with Shanghai Liankexihe Energy Technology Co., Ltd. The event was held in Liankexihe. Lian Kexi, Chairman Pang Yang, President Gao Zhan, Chief Technical Officer Wu Longhui, Supply Chain Director Sun Xilu and his procurement team, General Manager Zhang Xin of CIMC Baowei, and Production Manager Miao Libin participated in this event.

（Group photo of leaders and teams from both sides）

China International Shipping Container (Group) Co., Ltd. (referred to as CIMC Group) has long been the world's largest manufacturer of dry cargo containers, with a market share unparalleled in the world. It is a world leading supplier of logistics and energy equipment, headquartered in Shenzhen, China. The company is committed to providing high-quality and reliable equipment and services in the following main business areas: containers, road transport vehicles, energy chemical and food equipment, marine engineering, heavy trucks, logistics services, airport equipment, etc. Shanghai CIMC Baowei Industrial Co., Ltd. is a direct subsidiary of CIMC Group.

Shanghai Lianke Xihe Energy Technology Co., Ltd., as a new star in the global energy storage industry, is positioned as the global headquarters in Shanghai. It has holding subsidiaries in the United States, Japan, Australia, Spain, Portugal, Greece, Germany, Singapore, and Hong Kong. Its research and development center and joint laboratory are located in Xi'an, and its factory is located in Suzhou High tech Zone. The Carbon Neutrality Research Institute is permanent in Shanghai, And has formed a wide range of industry university research alliances with top universities both domestically and internationally. The company focuses on energy storage technology and gathers an elite team of new energy technologies, new energy market development, and global investment in new energy. Relying on self-developed and efficient power electronic energy conversion and control systems, smart grid cloud platforms, global project development, and other technologies and capabilities, the company is equipped with mature supply chains and empowered by domestic and foreign green financial tools, committed to providing globally leading smart renewable energy solutions and high-quality asset development, At present, the project pipelines cover both domestic and foreign countries, covering developed countries and regions such as Japan, Europe, the United States, and Australia.

Against the backdrop of the vigorous development of new energy markets both domestically and internationally, Shanghai Lianke Xihe Energy Technology Co., Ltd. and Shanghai CIMC Baowei Industrial Co., Ltd. have gone through preliminary understanding, discussion, investigation, and in-depth communication, and through joint efforts to negotiate and negotiate, finally reaching a consensus on strategic cooperation.

At present, both parties have established three main cooperation directions: providing mutually beneficial products and services, deepening product and technology cooperation, and deepening domestic market cooperation. Covering cooperation in energy storage containers, large-scale energy storage products and solutions, jointly providing customers with standardized and customized products and technical services, jointly developing new products, jointly exploring and expanding the market for new energy storage applications, expanding the demonstration, promotion, and engineering applications of energy storage products, and further developing and investing in projects in the future Deepen cooperation in related businesses such as financial leasing and asset securitization. CIMC Baowei also shared the successful experience of the "CIMC Lean ONE model" in management.

Finally, under the expectations and witness of the leaders and teams of both parties for future strategic cooperation, the signed representatives of both parties signed a strategic cooperation agreement. In the future, both sides will further deepen the consensus on energy storage market development and cooperation, taking strategic cooperation as an opportunity to work together to make greater contributions to the development and expansion process of the energy storage market.