Dragon Rise Auto Services Limited, a non-wholly-owned subsidiary of Dragon Rise Group Holdings Limited, has entered into a strategic cooperation framework agreement to advance the new energy industry in Hong Kong. Collaborating with an automotive trader, a mobile energy solutions provider, and a digital energy service provider, the subsidiary aims to establish a comprehensive battery-swapping network. As part of the agreement, Dragon Rise Auto Services will focus on the localisation of the battery-swapping business, including the sales and promotion of new energy vehicles. This initiative will prioritize electrification in transportation for taxis, heavy-duty trucks, and buses, while also serving as a pilot project for potential expansion into Southeast Asia.