In June 2020, China Bester and Gezhouba Power renewed their strategic cooperation agreement. The two parties took the development of a new generation of information technology "5G, cloud computing, big data, and artificial intelligence" as an opportunity for in-depth cooperation in fields such as applications, big data centers, smart cities, transportation and electromechanics.

China Gezhouba Group Electric Power Co., Ltd., as a central enterprise, has the advantage of the main force in the "new infrastructure" industrial chain; as a leading enterprise in the construction of domestic information infrastructure, China Bester Group Telecom Co., Ltd. has business coverage, professional technical strength, project management and It has a strong competitive advantage in delivery capabilities. After the two parties signed a strategic cooperation agreement in May 2019, they gave full play to their respective advantages in technology, capital, talent, market, and resources, and gave each other great support and help. The businesses of the two parties are highly complementary. Taking the renewal of the strategic agreement as an opportunity, we will continue to write a new chapter in strategic cooperation and create a new model for the cross-border integration of communications and power.

This strategic cooperation is based on five specific cooperation items on the basis of new infrastructure: First, the new infrastructure project of the big data center; the two parties will work together to promote market development and business landing around their own advantageous regions and customers. The second is the new infrastructure project of Wuhan's world-class power grid; the two parties will jointly promote market development and business implementation to meet the needs of new infrastructure construction of world-class power grids in some urban areas of Wuhan. The third is the 5G infrastructure construction project; Gezhouba Power strives to mobilize the resources and regional power of its headquarters and branches to provide new site selection, property coordination, and city power introduction for the domestic first- and second-tier cities 5G network construction project undertaken by our company Give full support to the problem and promote the acceleration of our company's 5G network construction project. The fourth is to face the 5G industry application of Gezhouba and China Energy Construction, and enhance the smart management of enterprises; the two parties established a joint technology innovation team, using 5G technology as the carrier, to carry out 5G industry application research, development and promotion around the various business areas of Gezhouba and China Energy Construction. Fifth is the transportation electromechanical construction project; our company provides all-round technical support and cooperation for the transportation electromechanical project undertaken by Gezhouba Power,such as communication, charging, and monitoring systems to ensure the advanced technology of the project and the safe and reliable system operation.

This agreement also detailed the responsibilities and division of work. From the information collection in the early stage of the project, the project construction plan arrangement, value evaluation, to the later establishment of the project team, program exchanges, business docking and other specific tasks, the division of labor is clear and the responsibilities are clear. The cooperation projects between the two parties involve professional technical solutions and support such as power transmission and transformation, high voltage, power lines, and civil construction. Gezhouba Power will be responsible; and related professional technical solutions and support such as 5G communications and applications, weak current intelligence, smart cities, and intelligent transportation. Our company is responsible.

The two parties have established an efficient docking mechanism, based on the principle of "equality and mutual benefit, complementary advantages, resource sharing, and common development", to transform the cooperation agreement into cooperation results as soon as possible, and jointly create a new business development model to empower industry development and industrial upgrading.