Jiuzi Holdings, Inc. Further Deepens Cooperation with Xinhui Solar, with Xinhui Solar Planning an Additional US$30 Million Investment to Support Southeast Asia Expansion

Core Viewpoint - Jiuzi Holdings, Inc. has deepened its strategic cooperation with Xinhui Solar Technology Group to enhance their collaboration in Southeast Asia's new energy infrastructure and electric vehicle service markets, supported by a planned US$30 million investment from Xinhui Solar [1][4]. Group 1: Strategic Cooperation - The two companies aim to leverage their strengths in new energy resources, technology, capital, and market development to advance EV charging infrastructure and energy management solutions in Southeast Asia [2]. - The cooperation will be implemented in a phased and project-based manner, focusing on scalability and replicability across the region [2]. Group 2: Joint Venture and Financial Support - A memorandum of understanding (MOU) has been established to guide future collaboration, with a proposed joint venture intended as a key platform for regional operations [3]. - The additional US$30 million investment from Xinhui Solar is expected to provide ongoing financial support for Jiuzi Holdings' strategy in Southeast Asia, contingent on relevant conditions and internal approvals [4].