CAOCAO INC (02643) Enters Marketing Services Framework Agreement with YiYi Interconnect

Stock News11-21

CAOCAO INC (02643) announced on November 20, 2025, that it has entered into a three-year marketing services framework agreement with YiYi Interconnect, effective from January 1, 2026, to December 31, 2028. Under this agreement, the Group will provide certain marketing services to YiYi Interconnect and/or its affiliates for the promotion and user acquisition of battery-swapping services operated by YiYi Interconnect in China.

The framework agreement enables CAOCAO INC to leverage its driver base and ecosystem resources to support the promotion and user adoption of battery-swapping services in the cities where the company operates. This collaboration is expected to enhance operational synergies, improve drivers' value proposition through increased energy replenishment efficiency, strengthen user engagement with the company's mobility services, and contribute to a broader electrification ecosystem.

The pricing arrangements under the agreement reflect relevant costs and market practices, established under normal commercial terms.

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