Core Viewpoint - The Inner Mongolia Autonomous Region government has issued a planning outline for the construction of a beautiful Inner Mongolia, emphasizing the development of green transportation and the significant increase in the application of new energy vehicles (NEVs) in various sectors [1] Group 1: Green Transportation Development - The plan aims to significantly increase the proportion of NEVs in urban public transport, taxis (including ride-hailing), sanitation, urban logistics, postal services, civil aviation, and government vehicles [1] - In key areas such as Hohhot, Baotou, Ulanqab, and Ordos, at least 95% of newly added or updated buses will be NEVs [1] Group 2: Infrastructure Construction - The plan includes accelerating the construction of charging stations and battery swap stations to support the growth of NEVs [1] - By 2027, the proportion of NEVs among newly added cars (excluding trucks) is expected to reach 35% [1] Group 3: Public Transport and Urban Planning - The plan aims to consolidate the achievements of Hohhot and Wuhai as national "bus cities" by enhancing infrastructure such as bus transfer hubs, bus stations, and dedicated bus lanes [1] - There will be an emphasis on enriching pedestrian spaces and scenic areas along streets, as well as strengthening the construction of pedestrian walkways and bicycle lanes in urban slow-moving systems [1]

Core Viewpoint - The Company has entered into a non-binding cooperative agreement with Hangzhou Qianhui to develop and operate two-wheeled e-charging stations, aiming to meet the growing demand for efficient charging solutions in urban transportation systems [1][3][8] Background and Objectives of the Cooperative Relationship - The cooperative relationship aligns with Hangzhou Qianhui's three-year strategic development plan for its two-wheeled e-charging business, leveraging its technologies, operational expertise, and market resources [2] - The primary objective is to establish a larger-scale operation of two-wheeled e-charging stations to enhance urban transportation [3] Scope of the Cooperative Relationship - The Company will provide financial support through initial capital and phased investments based on business progress, while assisting in cooperation with local governments and optimizing the supply chain [4] - Hangzhou Qianhui will manage the business operations, including procurement and construction of e-charging stations, and ensure the stability of the charging platform [5] Business Model and Revenue Sharing - The relationship delineates responsibilities, with the Company providing financial resources and Hangzhou Qianhui handling technological and operational aspects [6] - Revenue distribution will be based on actual performance and equity ratios, allowing both parties to share in the net profits generated [7] Commitment to Innovation and Growth - This partnership represents a significant step towards innovation and growth in urban transportation, aiming to create a sustainable e-charging infrastructure that benefits consumers and the environment [8] Company Overview - Huachen AI Parking Management Technology Holding Co., Ltd is a Cayman Islands holding company that consolidates the financial results of its subsidiaries, focusing on smart parking solutions and equipment [10] - The Company provides customized parking solutions, including smart cubic parking garage design and various parking equipment manufacturing [10] About Hangzhou Qianhui Electric Technology Co., Ltd - Hangzhou Qianhui, established in August 2024, specializes in new energy technology, electric charging pile operations, and IoT technology research and development [11]