· Zhengtong Automobile and Xiamen Guojin established Shenzhen Zhengyuan Automobile Technology Co., Ltd.

Zhengtong Auto (01728) announced that the company and Xiamen International Financial Technology Co., Ltd. intend to establish Shenzhen Zhengyuan Automobile Technology Co., Ltd. in Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone. With a total registered capital of RMB 500 million, the company will become the controlling shareholder of Zhengyuan Technology Co., accounting for 80%.
The company said that the company has partnered with Shanghai Dongzheng Automobile Finance Co., Ltd. through Zhengyuan Technology Co., Ltd., focusing on the automotive internet finance business, realizing online and offline access to customer channels, big data risk control technology and ABS cloud platform resource integration to form Zhengtong Automobile. Internet financial ecology full closed-loop platform.

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