A subsidiary of Xixiangfeng Group (02473) has established a long-term strategic cooperative relationship with Neolithic in the fields of unmanned vehicle procurement, right-of-way development, operation services, and marketing

Zhitong Finance App News, Xibeng Group (02473) issued an announcement. On December 18, 2025, the company's indirect wholly-owned subsidiary Xibeng Financial Leasing Group Co., Ltd. (Xibeng Group) signed a strategic cooperation agreement with Neolithic Huitong (Beijing) Technology Co., Ltd. (Neolithic) to establish a long-term strategic cooperative relationship between the two parties in the fields of unmanned vehicle procurement, right-of-way development, operation services, and marketing.

According to the agreement, Xibeng Group and Neolithic will carry out in-depth cooperation in the following directions: 1. Unmanned vehicle procurement and operation cooperation: Xibang Group will purchase, lease or operate its unmanned vehicle products from Neolithic and carry out in-depth business collaboration in specific regions; 2. Right of way development and urban expansion: Xibang Group will be responsible for developing, testing and operating license applications for unmanned vehicles in designated cities, and Neolithic will provide technical support; 3. Operation service guarantee: Neolithic will provide Xishangfeng Group with full life cycle operation and maintenance, lifetime software services and special insurance support; 4. Exclusive market protection: In urban areas where Xibeng Group has successfully obtained and maintained the right of way, Neolithic will grant Xibeng Group exclusive distribution rights for a period of 3 years.

Neolithic is a technology company registered in China, mainly engaged in R&D, production and operation of driverless vehicles and related technology. The company has leading technology accumulation and market practices in the fields of unmanned delivery and smart logistics.

With the development of artificial intelligence, the penetration of unmanned technology into traditional industries has gradually deepened, and commercial applications in specific scenarios have gradually begun. The Group will gradually develop the unmanned vehicle business based on a nationalized self-operated network system and rich experience in vehicle operation and management. The board of directors believes that the establishment of a strategic cooperation with Neolithic will fully combine Neolithic's advantages in unmanned vehicle technology and product development, promote the smooth development of the Group's unmanned vehicle business, broaden the diversification of the Group's business, and have a positive impact on the Group's financial situation.