Group 1: Investor Relations Activity - The investor relations activity was conducted on December 16, 2016 [1] - Participants included representatives from Northeast Securities, Xinda Securities, Hongdao Investment, and Industrial Securities, totaling 6 individuals [1] - The meeting took place at the Phoenix Plaza, Beijing, in the 6th meeting room [1] Group 2: Main Content of the Meeting - Discussion on the company's high-precision map and related business operations [1] - Overview of Jiefa Technology's relevant business activities [1]

Group 1: Investor Relations Activity - The investor relations activity was conducted on January 12, 2017, at 11:00 AM in Beijing [2] - Participants included representatives from Argo Investments, Malayan Bank, and Deutsche Bank, totaling 14 individuals [2] - The meeting was hosted by the company's board secretary and securities representative [2] Group 2: Main Content of the Meeting - Discussion included the company's high-precision map business and related operations [3] - Information was provided regarding the acquisition of HERE [3]

Business Overview - The company is a leading provider of digital map content, connected vehicle services, and big data applications in China, holding the top market share in navigation electronic maps, dynamic traffic information services, and NDS compilation [1][2] - The company has commercialized ADAS maps and is the first in China to do so, with high-precision maps tested by international car manufacturers, ranking first in overall performance among competitors [2][3] Strategic Acquisitions - The company initiated a 10% acquisition of HERE to co-develop high-precision maps and applications for autonomous driving, aiming to establish a joint venture in China for global location services [2][3] - The acquisition is expected to reduce development costs and position the company as the only provider of global location services in China [3] Revenue Generation - Main revenue streams include: - Navigation electronic maps (traditional and high-precision) through a licensing model, providing stable cash flow - Dynamic traffic information and connected vehicle services through service fees, with annual revenue recognition [3][4] - NDS compilation services charged on a fee basis [3] Client Base and Market Position - The company serves various clients beyond car manufacturers, including Tencent, Sogou, Didi, JD.com, and Meituan [4] - The company ensures the stability of car manufacturer clients through superior product performance and robust customer service, evidenced by partnerships with major brands like Audi, Mercedes-Benz, and BMW [3][4] Product Development and Innovation - The company is advancing high-precision maps and has signed a cooperation agreement with Great Wall Motors for autonomous driving projects, providing core navigation services and data [5][6] - The company is developing innovative products like the WeLink vehicle interconnectivity solution, enhancing the functionality of in-car navigation systems [4] Future Collaborations - The company plans to collaborate with Intel and HERE to establish a strategic alliance for global map data and location services, aiming to dominate the fields of autonomous driving and connected vehicles [6]