[Caihua News] Cornerstone Technology Holdings (08391.HK) announced that on December 15, 2021, Cornerstone Electric vehicle charging Services Co., Ltd., a wholly-owned subsidiary of the company, entered into an exclusive license agreement with a well-known property management company to carry out electric vehicle charging project in a residential area in Kowloon East. It is expected that 60 parking spaces will be installed initially.
Under the exclusive license Agreement, Cornerstone Electric vehicle charging is granted an exclusive license for five years, mainly for the development, design and installation of electric vehicle charging facilities in the parking lot, and to provide electric vehicle charging and support services to parking space owners and / or tenant "users", installation and maintenance of electric vehicle charging equipment. The management company requires the cornerstone electric car to charge and install its latest electric car charger, which is equipped with a patented ceiling charging solution Aloft to suit the environment of the parking space. Cornerstone electric vehicle charging will enter into a separate subscription agreement according to the needs of users.