Shanghai Zhida Technology Development Co., Ltd. (Zhida Tech) and Breton Technology Co., Ltd. (Breton) signed a non-binding framework letter of intent (LOI) on 2 June 2026, laying out a three-year roadmap for cooperation in new-energy engineering equipment and intelligent charging infrastructure.

Key elements of the LOI are as follows:

1. Market and channel collaboration • Each party may act as a non-exclusive overseas sales agent for the other’s products in Indonesia, Australia, Latin America and additional regions. • Breton will prioritise purchases of Zhida Tech’s high-power chargers and charging-robot equipment, while Zhida Tech will seek to procure Breton’s battery-electric mining trucks.

2. Indicative procurement volumes over the three-year term (subject to definitive agreements) • Breton targets buying at least 5,000 units of high-power chargers or charging-robot equipment from Zhida Tech or its affiliates. • Zhida Tech plans to acquire — directly or via recommended third parties — no fewer than 500 electric mining trucks from Breton.

3. Service network and R&D integration • The two companies intend to jointly establish an overseas shared service and after-sales centre, integrating repair stations, personnel and spare-parts inventories for localised support. • A joint technical team will be formed to develop intelligent charging solutions for zero-carbon mining scenarios and to optimise equipment-operation data sharing.

4. Project execution and potential joint venture • The partners will co-promote the “Mining Operation Robot Cluster + Intelligent Charging Robot System” package and may bid for projects as a consortium or strategic partners. • Subject to future conditions, the parties may set up a joint-venture company to coordinate market development, sales and after-sales services in specified regions.

5. Intellectual property and branding • Ownership and revenue sharing for jointly generated IP will be agreed in writing based on each party’s contribution. • Brand licensing and joint marketing initiatives are envisaged to boost visibility in target markets.

The LOI serves as an expression of intent; specific terms will be finalised in subsequent binding agreements. Implementation of the cooperation could constitute a discloseable transaction under Hong Kong Listing Rules. Investors are advised to exercise caution when dealing in Zhida Tech’s securities.