Beijing Changjiu Internet Technology, a subsidiary of Changjiu Co., Ltd. (06959), has signed a project cooperation agreement with FAW-Toyota

Zhitong Finance App News, Changjiu Co., Ltd. (06959) announced that Beijing Changjiu Internet Technology Co., Ltd. (project company), a wholly-owned subsidiary of the Company, as the operator of the “Jiuche GO” automobile distribution supply chain platform (Jiuche GO platform), has recently signed a project cooperation agreement (project cooperation agreement) with FAW Toyota Sales Co., Ltd. (FAW Toyota). According to the project cooperation agreement, the project company will act as an annual exclusive underwriting partner for all current FAW Toyota Corolla 1.2T models in the mainland China market, and production capacity can be dynamically adjusted according to market demand.

The purpose of this cooperation is to jointly explore the sinking incremental market, pilot a new channel model, directly connect with customers in the county through the digital capabilities of the Jiuche GO platform, and improve sales control and sales quality. The innovation of this cooperation model is: a single vehicle holder: the company is the only export of the Corolla 1.2T model in the country, providing distribution and delivery services in the sinking market to avoid price games from the source; link traceability: dealers and brokers registered on the Jiuche GO platform must sell and deliver at a uniform price and obtain service fees and commissions based on sales results to achieve end-to-end traceability and control of the full end-to-end link; the model is asset-light; with the exception of pre-set regional transit warehouses in remote regions, the production capacity is dynamically adjusted monthly according to downstream demand; Full link digitalization: from car selection, contract, and payment Logistics and information transmission are all completed through the Jiuche GO platform. Transaction data is traceable, and sales efficiency is significantly improved.

This cooperation is a major milestone for the Jiuche GO platform. It marks its three core capabilities - the ability to directly reach the sinking market in the county area, the product capability of the automotive digital supply chain platform, and the ability to process real-time traceability data, which have been fully recognized by mainstream domestic joint ventures. The cooperation will not only bring direct financial contributions to the Group, but will also further enhance the influence of the Jiuche GO platform in the sinking market and inject momentum into long-term growth through model innovation.

As of April 7, 2025, the number of registered car dealers on the Jiuche GO platform reached 52,300, covering 1,376 county-level markets across the country. As of the date of this announcement, the Jiuche GO platform has enabled the sale of 1965 Corolla 1.2T models, involving 263 dealers, fully reflecting the digital connectivity capabilities of the Jiuche GO platform and the effectiveness of improving automobile circulation efficiency.

The board of directors believes that the signing of the project cooperation agreement will provide the Group with new performance growth points. The Group will continue to explore AI application scenarios through digital empowerment and two-wheel drive, establish a “supervisor+local partner” cooperation mechanism, improve the closed loop between online trading platforms and offline franchise channels, expand financial derivatives and localized after-sales service capabilities around automobile transactions, and build a new asset-light and high-efficiency retail ecosystem adapted to the sinking market. Therefore, the board of directors believes that the signing of the project cooperation agreement conforms to the overall interests of the Group and shareholders.