SUNCAR TECHNOLOGY GROUP INC Secures Agricultural Bank of China's VIP Private Travel Service Contract, Expanding High-End Mobility Footprint and Financial Partnerships

Stock News
04/21

SUNCAR TECHNOLOGY GROUP INC (SDA.US) has announced its successful bid for the Agricultural Bank of China's VIP private travel service project. The company will be responsible for comprehensively managing all related services for the bank. Agricultural Bank of China is the world's second-largest state-owned bank by total assets. The bank is integrating its VIP private travel services entirely into SUNCAR TECHNOLOGY's exclusive management platform to enhance customer experience and optimize operational costs. SUNCAR TECHNOLOGY will provide integrated VIP private travel service management support for three of the bank's core divisions: the Private Banking Department, the Personal Finance Department, and the Credit Card Center. The cooperation agreement is set for a three-year term and is projected to generate approximately $50 million in business revenue for the company over the contract period. The winning bid includes a seamless migration and integration implementation plan, which will consolidate the previously separately managed VIP travel services of the bank's three departments into a unified, efficiently integrated system. This achievement signifies a breakthrough in the depth and breadth of SUNCAR TECHNOLOGY's collaboration with major state-owned banks in China, fully demonstrating the company's core capability to establish long-term, in-depth partnerships with large bank headquarters. It further solidifies SUNCAR TECHNOLOGY's leading position in the banking sector's VIP private travel service domain. Leveraging its digital service platform and full-scenario operational capabilities, SUNCAR TECHNOLOGY will establish a standardized, intelligent, and high-quality VIP private travel service system for Agricultural Bank of China. This will streamline the entire service management process, achieving multiple benefits including centralized travel service management, enhanced customer experience, and optimized operational efficiency, thereby providing the bank's high-end clientele with a one-stop, customized premium travel service experience. Ye Zaichang, Chairman and CEO of SUNCAR TECHNOLOGY, stated, "Winning the comprehensive VIP private travel service project from Agricultural Bank of China represents strong market recognition of our high-end travel service operational capabilities and digital management expertise. The implementation of this three-year, large-scale service integration project is a milestone for the company in expanding its footprint in high-end financial services. Moving forward, SUNCAR TECHNOLOGY will continue to leverage its advantages in digital services and full-chain operations to develop customized service solutions that meet the needs of high-end clients for Agricultural Bank of China and more financial institutions. We will deepen our ecosystem partnerships with major financial organizations, driving the upgrade of VIP private travel services towards greater intelligence, refinement, and quality, thereby creating greater value for our partners." To date, SUNCAR TECHNOLOGY has established a leading position in the domestic VIP private travel service market, having formed deep collaborations with several prominent financial institutions including China Merchants Bank, PICC, Ping An Insurance, China CITIC Bank, and China Construction Bank, continuously expanding its presence in the high-end travel service sector. Empowered by digital technology and comprehensive service capabilities, SUNCAR TECHNOLOGY will continue to deepen its expertise in automotive services and the high-end VIP travel segment, providing more high-quality digital solutions to support high-quality development within the industry.

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