Intelligent Connected Technology of CAERI Co., Ltd.

For the purpose to speed up the enterprise's reform and development, further integrate with the market, and realize the transformation and upgrading of the enterprise, China Automotive Engineering Research Institute Co., Ltd. (Stock code: 601965, hereinafter referred to as "CAERI") integrates all its advantageous resources in the field of intelligent connected development and testing to set up a wholly-owned enterprise -- Intelligent Connected Technology of CAERI Co., Ltd. (hereinafter referred to as "ICTC"). The Company has been officially established in March 2020 as a central enterprise subordinated to the State-owned Assets Supervision and Administration Commission of the State Council.

ICTC has deeply engaged in automobile intelligence and won 32 CNAS qualifications. It has built many national or provincial platforms, such as national intelligent vehicle and intelligent transportation application demonstration public service platform, state key laboratory of vehicle noise, vibration and safety technology, Chongqing Intelligent Connected Vehicle Engineering Technology Research Center, and Chongqing Intelligent Connected Data Resource Engineering Research Center, and obtained the qualification of Chongqing self-driving road test management unit. With the support of the Ministry of Industry and Information Technology and Chongqing municipal government, i-VISTA national intelligent vehicle integration system pilot zone and Chongqing (Liangjiang New Area) Internet of Vehicles pilot zone have been built successively, enabling it to have a good foundation of demonstration application platform.

With the mission of "Making driving trust intelligence", the Company is committed to becoming a R&D and cooperation platform leading the technological development of intelligent connected industry, a fair third-party platform guiding the industry and consumers to understand and trust intelligent vehicles, and an internationally leading supplier of intelligent vehicle and VICS test and evaluation and integrated application solutions.

At present, ICTC owns a more than 200 employees who are professional test and R&D team, of which nearly half are high-end talents with master's degree or above, and has established several holding joint ventures. With the focus on intelligent connected vehicles' government and industry think tank services, research and development of common and key technologies, test evaluation and test certification of intelligent connected vehicles, the Company's business covers technical consultation services for functional safety and expected functional safety of intelligent connected vehicles, test and evaluation services for intelligent vehicles, product services for test equipment of intelligent vehicles, scene database and simulation system integrated solutions, VICS integrated solutions for serving the transformation and upgrading of China's intelligent connected vehicle industry.

In terms of public services and brand building, ICTC, through such four special brand projects as "one competition", "one meeting", "one index" and "one center", has built a top-level exchange and exhibition platform in the intelligent connected field as a core hub connecting the technology chain and the industrial chain so as to promote the establishment of close relation among universities, scientific research institutions, technology companies, OEM, suppliers and crossover enterprises, push on the crossover integration and innovation of manufacturing, transportation, information and other industries, accelerate the breakthrough of key technologies in the field of intelligent connected vehicle, and build a new industrial ecology.