2016-08-23
The board of directors (the “Board”) of Hybrid Kinetic Group Limited (the “Company”,together with its subsidiaries, the “Group”) is pleased to announce that連雲港正道新能源汽車系統集成有限公司 (Lianyungang HK New Energy Vehicles System Integration Co., Ltd.*)(“HK System Integration”) (a wholly-owned subsidiary of the Company) entered into a framework agreement with深圳市五洲龍汽車有限公司(Shenzhen Wuzhoulong Motors Co.,Ltd.*) (“Shenzhen Wuzhoulong Motors”) on 3 August 2016 to outline the parties’ intention to a long-term strategic collaboration in establishing an electric vehicle industry chain for developing and creating a brand of indigenous new energy vehicles, power batteries and systems that integrates advanced technology and offers competitive value and performance.
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