On March 4, 2025, Niu Guangmu, a member of the Party Group and Deputy Director of the Commerce Bureau of Zibo City, Shandong Province, visited our company for in-depth exchanges on issues such as the export of new energy vehicles and used cars. Li Xiuwei, Chairman of ZMEV LIMITED, Liu Yanjun, Vice President, and Wang Kechun, Head of ZMEV LIMITED Shandong Branch, and other senior leaders of the company warmly received them.In the course of the meeting, Li Xiuwei, chairman of ZMEV, comprehensively expounded the current operating situation of the company and the latest progress of the second-hand car export business. He emphasized that SHANDON PRAISE enjoys a unique geographical advantage due to its advantageous location adjacent to the port. It is worth mentioning that the company not only has two extremely valuable second-hand car export qualification licenses, including SHANDON PRAISE, but also has built a strong core competitiveness in the export of KD parts (assembled parts) and adaptive research and development for overseas markets. Especially our customized adaptive research and development strategy based on the characteristics of overseas markets enables our products to accurately meet local market demands, which has won high praise and widespread recognition from overseas customers.

Deputy Director Niu spoke highly of ZMEV's remarkable achievements in the field of used car exports and its grand blueprint for the future，and clearly stated that the Zibo Municipal Bureau of Commerce will fully support SHANDON PRAISE's further development in this field and work together to promote the rapid growth of Zibo's second-hand car export business. The government will also assist SHANDON PRAISE in streamlining and optimizing the price system of the entire second-hand car export chain, jointly addressing the financial challenges in the vehicle maintenance process, and utilizing ZMEV's abundant vehicle source advantages for effective resource allocation. At the same time, the government will provide special subsidies for second-hand car inspection fees to alleviate the burden on enterprises.

In addition, Deputy Director Niu also proposed a strategic concept of integrating the advantageous resources of Zibo Municipal Bureau of Commerce and accurately targeting potential areas such as second-hand car exports. He firmly believes that SHANDON PRAISE has a broad development stage in the field of second-hand car exports, and the Zibo Municipal Bureau of Commerce will actively provide comprehensive support for the company's growth and development, working together to push the second-hand car export business to new heights.

SHANDON PRAISE will actively respond to the guidance of the Zibo Municipal Bureau of Commerce, continuously improve its own strength and service level, and contribute more to the development of the second-hand car export field in Zibo and even Shandong.