KuangChi Science Limited announced that, on January 2, 2018, entered into a strategic cooperation agreement with Qilu Transportation Development Group Company Limited. Pursuant to the Agreement, the parties shall cooperate in various ways, including (but not limited to): jointly develop systems and solutions for intelligent transportation, and cooperate in the area regarding various intelligent transportation technologies and development plans. The company considers that leveraging on its own technological advantages in the area of "intelligent transportation" and Qilu Transportation Development Group's technology, resources and information advantages in transportation industry, both parties could jointly explore new systems and new methods of innovation and development in the field of intelligent transportation and enhance their respective innovation strengths in the field of intelligent transportation.