On July 27th, the Dafeng District successfully held the 2024 Innovation and Entrepreneurship Competition. The theme of this year's competition was "Talents Gather on the Coast, Science and Technology Empowerment". The focus was on stimulating innovative potential, gathering entrepreneurial resources, and creating an atmosphere for innovation and entrepreneurship, with the goal of fostering new products, new technologies, new models, and new business forms.

At the competition site, expert judges comprehensively scored the projects based on elements such as technological advancement, market prospects, operational status, team organization, and social benefits. Ultimately, our subsidiary, "Yancheng Digauto Automobile Technology Co., Ltd.", emerged victorious after a tense and fierce competition.

Our subsidiary, Digauto Yancheng is currently responsible for operating the Yueda Automobile Science and Innovation Park - the semi-enclosed PG for intelligent connected vehicles (hereinafter referred to as the "Yancheng PG").

Yancheng PG is located near the Jiangsu, Zhejiang, and Shanghai regions, with convenient transportation, and is accessible by high-speed rail and highways within two hours. It is situated near the port by the sea, offering natural high confidentiality, surrounded by rivers on all sides, forming an island-like shape, with only one main road for entry and exit on the south side, and four test roads inside the island.

Yancheng PG has smooth roads and a rich variety of scenarios. The PG boasts excellent road performance with a 2.2km straight performance road, providing professional intelligent connected vehicle road testing services. It is not only suitable for a wide range of ADAS (Advanced Driver Assistance Systems) testing scenarios but also covers various vehicle types including heavy commercial vehicles. In conjunction with the Digauto Wuzhen PG, it offers complementary and interconnected services to better provide customers with one-stop, comprehensive, high-quality services.