Recently, at SMOGO's headquarters in Bangkok, Thailand, CYG ET Co., Ltd. (hereinafter referred to as "CYG ET"), a subsidiary of Changyuan Technology Group Ltd.(refer as CYG) , successfully signed a strategic cooperation agreement with SMOGO HOLDING CO., LTD. (hereinafter referred to as "SMOGO"). The two companies reached a consensus on supplying EV charging stations for Thailand’s electric vehicle market and jointly operating charging stations. By leveraging their combined strengths in technology, resources, and talent, they aim to develop the Thai charging market, focusing on charging solutions for electric two-wheelers, passenger cars, and commercial vehicles. This partnership will accelerate the growth of the charging infrastructure sector in Thailand.

SMOGO, a tech-driven mobility company, specializes in the manufacturing, sales, and distribution of new energy vehicles and electric motorcycles. It is dedicated to providing high-quality, eco-friendly, and efficient mobility solutions to global customers, creating a new ecosystem for intelligent, green transportation. 

SMOGO has extensive experience and technical expertise in the new energy vehicle sector, driving the development of smart, personalized, and sustainable urban transportation.

This collaboration represents a strategic move for CYG ET in expanding its international presence by partnering with a leading local company, SMOGO. It will not only increase CYG ET’s brand influence in the global market but also provide substantial support for the rapid growth of Thailand's electric vehicle charging infrastructure.

In the future, based on the progress of business development, CYG ET and SMOGO plan to establish a full-scale charging station assembly line in Thailand. Together, they will tap into the vast opportunities in the Thai new energy market, with a focus on the electric vehicle charging sector.

CYG ET is a strong joint venture between Changyuan Technology Group Ltd. (stock code: 600525.SH) and CYG SUNRI Co., Ltd., a leading brand in power system automation and intelligence. Drawing on the extensive industry experience and technical strengths of the CYG brand in the energy sector, CYG ET adheres to a tradition of innovation. The company strategically focuses on core industries such as solar-powered micro-grids, integrated energy distribution, and transportation, providing comprehensive solutions and promoting related technologies. CYG ET actively supports the national objectives of industrial restructuring and energy transition, contributing to the realization of the "dual carbon" targets.