On October 22, Yishengda successfully held a strategic cooperation signing ceremony with Chuangjia Leasing (Zhejiang) Co., Ltd. and Shenzhen Weikedi Technology Co., Ltd. This cooperation plan for 200 million yuan and the deployment scale of 150,000 battery swap battery packs.

For this strategic cooperation signing ceremony, Tang Changjiang, Secretary-General of the Guangdong Battery Industry Association, was specially invited to attend and deliver the opening speech. From the perspective of industry development, he offered suggestions and empowerment for the collaborative development of the battery swapping sector. The full text of his speech is as follows:

The strategic signing ceremony between Yishengda and Chuangjia Leasing and Shenzhen Weikedi is hereby represented by the Guangdong Battery Industry Association to extend warm congratulations on the successful signing of this strategic cooperation, and extend a sincere welcome to Weikedi Technology, Chuangjia Leasing, and all entrepreneurs.

Since its establishment in 2019, the Guangdong Electronics Industry Association now has over 1,200 member units, bringing together over 90% of the leading enterprises in China's electronics industry chain. The total annual output value of its members has reached several trillion yuan, making it the world's largest electronics industry association. As the executive vice president unit of our association, Yishengda has long been deeply engaged in the battery manufacturing field, operating steadily and pragmatically. It actively participates in various industry matchmaking, exchanges, and standards co-construction within the association, proactively sharing resources, and driving collaborative development among industry chain partners. It has made outstanding contributions to the association's development and the prosperity of China's electronics industry ecosystem. The association highly commends and expresses deep gratitude for this.

Today's collaboration has two major highlights and is highly significant. First, the deep binding of supply and demand between upstream and downstream is evident. Yishengda and Shenzhen Weikedi Technology have reached an annual strategic cooperation order for 150,000 battery sets, locking in supply and demand, stabilizing production scheduling, opening up channels for product implementation, and achieving two-way guarantee of production capacity and orders. This is a model of joint development and mutual benefit across the electronics industry chain. Second, the integration of industry and finance into industry-finance synergy. Chuangjia Leasing (Zhejiang) Co., Ltd. provided 200 million yuan in funding support to Yishengda, precisely meeting the capital needs for heavy investment and quality improvement in electronics manufacturing. By empowering real manufacturing with financial resources, it effectively eases the financial pressure of equipment investment and capacity expansion, representing a vivid example of finance empowering the new energy real economy.

Currently, the electronics industry faces both opportunities and challenges. Market fluctuations, financial pressures, and supply chain stability are all issues faced by companies along the supply chain. This tripartite collaboration is based on capital as a link and orders as a lever, creating a closed-loop cooperation model that empowers finance with manufacturing and market applications. He hopes both parties will uphold integrity and pragmatic contract performance, make good use of credit limits, deliver orders with guaranteed quality and quantity, implement the cooperation agreement, and achieve results and results as soon as possible. The association will also continue to provide strong service support, leverage platform advantages, and continuously connect with more financial institutions and upstream and downstream supply and demand resources, connect member enterprises, promote more pragmatic and efficient cooperation like this, and help more electronics companies achieve steady and long-term success. Finally, I wish both parties steady and fruitful cooperation, and wish all guests and entrepreneurs prosperous careers. Thank you all!

We sincerely thank the Guangdong Battery Industry Association and Secretary-General Tang Changjiang for their long-term recognition, guidance, and empowerment of Eshengda. The association builds high-quality industry exchange platforms, continuously connecting resources and guiding industry chain enterprises, and is an important partner on our path to steady development.

Yishengda signed a strategic cooperation agreement with Chuangjia Leasing and Shenzhen Weikedi: Chuangjia Leasing will provide 200 million yuan in business support for battery swapping battery leasing and market operations, providing a strong financial backing for the project's large-scale layout. Weikedi Technology is collaboratively advancing the domestic deployment of 150,000 battery swap battery packs.