XXF (02473) announced that the company formally discussed strategic cooperation with Hangzhou Zhihui Manlu Technology Co., Ltd. (Zhihui Manlu) on September 19, 2025, and reached a strategic cooperation intention. The Group and Zhihui Manlu plan to cooperate in the following areas of urban delivery and logistics ecosystem, including: automated delivery and robot shuttle urban distribution, financial leasing and operational leasing solutions; asset holding and lifecycle management; digitalization/AI enablement; and road access rights and market development. Specific details of the cooperation between both parties require further negotiation and will be set out in the final agreement signed by both parties (if any). This strategic cooperation marks the beginning of establishing a partnership between the Group and Zhihui Manlu. Both parties will strive to integrate their respective resource advantages, jointly create high-value urban delivery solutions, co-build user service systems, and jointly promote innovative development in the logistics industry through ecological, technology-driven and green service models, injecting new momentum into the development of smart cities and digital supply chains. Zhihui Manlu is a company incorporated in China, focusing on unmanned vehicles/robots in logistics scenarios, with business capabilities covering robot/vehicle manufacturing, system integration, and providing operational and technical support for automated urban delivery solutions. Zhihui Manlu is a subsidiary of Cainiao Group, which focuses on global logistics and supply chain solutions, operating a comprehensive logistics network that provides innovative and efficient delivery services for global e-commerce and other industries. The announcement stated that if this cooperation is implemented through a final agreement, it will accelerate the Group's smart logistics deployment; improve operational efficiency of urban delivery and optimize cost structure; and broaden revenue sources through technology-driven leasing and service models, thereby bringing long-term benefits to the Group and its shareholders as a whole.