Zhonghuan New Energy (01735) announced that on December 13, 2023, Zhonghuan Logistics Technology (Shenzhen) Co., Ltd. (Zhonghuan Logistics) Co., Ltd. (Zhonghuan Logistics), an indirect subsidiary of the company, and Yangzhou Branch of China Mobile Communications Group Jiangsu Co., Ltd. (China Mobile (Yangzhou)) have signed a strategic cooperation agreement.
According to the agreement, China Mobile (Yangzhou) agreed to prioritize Central Logistics when selecting partners for related businesses, and Central Logistics agreed to provide products, services and operational support for related businesses located in Yangzhou, China for a period of 3 years (from December 13, 2023 to December 12, 2026).