Securities code: Navinfo Co.Ltd(002405) securities abbreviation: Navinfo Co.Ltd(002405) Announcement No.: 2022012 Navinfo Co.Ltd(002405)
Announcement on signing strategic cooperation framework agreement with Honeywell
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. The agreement signed this time is an intentional agreement. The specific cooperation content and implementation details need to be further implemented and clarified. Please pay attention to the investment risks.
2. The signing of this Agreement does not have a significant impact on the company’s financial status and operating performance this year. 1、 Contract signing overview
Recently, Navinfo Co.Ltd(002405) (hereinafter referred to as “the company” or ” Navinfo Co.Ltd(002405) “) and Honeywell sensor control (China) Co., Ltd. (hereinafter referred to as “Honeywell”) signed the strategic cooperation framework agreement. The two sides will deepen business cooperation in automotive electronic chips, automatic driving and intelligent network connection, build strategic partnership and give full play to their respective advantages, With a view to effectively promoting the business development and strategic layout of both parties in the near and long term.
This matter does not need to be submitted to the board of directors or the general meeting of shareholders for deliberation, nor does it constitute related party transactions and major asset restructuring.
2、 Counterparty introduction
Company name: Honeywell sensor control (China) Co., Ltd
Address: No. 1668, Tianyin Avenue, Jiangning Science Park, Nanjing
Legal representative: Chai Xiaozhou
Registered capital: USD 20 million
Business scope: R & D, design and production of sensitive components, sensors and related testing instruments and equipment, new electromechanical components and related parts; Sell self-produced products and provide relevant after-sales services; Wholesale, import and export, commission agency (except auction) of the above products and related parts (the import and export of the above commodities do not involve state-owned trade, import and export quota license, export quota bidding, export license and other commodities under special management); And provide relevant supporting services
The counterparty has no relationship with the company.
Introduction: Honeywell sensor control (China) Co., Ltd., founded in 2007, is subordinate to the sensing IOT division of Honeywell group, a global top 500 enterprise. It is committed to the R & D, design and production of sensitive components, sensors and their related testing instruments and equipment, new electromechanical components and their related parts, serves Chinese customers and provides the widest combination of switches and sensors for the industry. 3、 Main contents of the agreement
(I) principle of cooperation
1. Voluntary equality. Adhere to voluntary cooperation, and both sides enjoy equal status and rights in the cooperation framework.
2. Open and fair. Adhere to the fairness and openness of cooperation, and adhere to non exclusivity and non discrimination.
3. Complementary advantages. Give full play to their respective advantages, strengthen all-round cooperation, and form the integration and complementarity of advantages.
4. Mutual benefit and win-win results. In the letter of intent, both parties should implement cooperation measures, improve the efficiency and level of cooperation, promote accelerated development and achieve mutual benefit and win-win results.
(II) cooperation fields and methods
1. Automotive electronic chips: the two sides will increase cooperation in automotive electronic chips, Navinfo Co.Ltd(002405) will continue to provide Honeywell with various vehicle specification professional chips for the automotive market. Honeywell’s current sensor and other on-board hardware / equipment will give priority to the chip of Navinfo Co.Ltd(002405) .
2. Autopilot: the two sides intend to cooperate in the field of intelligent driving, focusing on Navinfo Co.Ltd(002405) l2-l4 level autopilot solution, combined with Honeywell’s IMU and other sensor products, the two sides will jointly provide customers with mass production oriented core solutions for autopilot.
3. New energy: the two sides intend to integrate the resources and capabilities of their companies and products to jointly create top-level new energy solutions.
In addition to the above cooperation directions, the two sides will also jointly explore the expansion of international business. In the process of future cooperation, if both parties agree that there are market and cooperation opportunities for other relevant technologies in the field of automatic driving, the two sides will conduct further cooperation and discussion in this field.
(III) term of cooperation
This Agreement shall come into force after being signed and sealed by the legal representatives or authorized representatives of both parties. There are four impacts on the company
The signing of this strategic cooperation framework agreement aims to make full use of the technical reserves and advantages of both sides, as well as their leading position and industry influence in the industry, promote the comprehensive cooperation between the two sides in the fields of automotive electronic chips, automatic driving, new energy and intelligent Internet connection, and accelerate the implementation of core solutions for automatic driving and new energy solutions, Jointly realize the promotion of enterprise value. It will also continue to promote the market share of the company’s chips, automatic driving solutions and other products, promote the market promotion and industrial application of the company’s products, promote the continuous improvement of the company’s profitability and operating performance, and give back to the majority of investors with good performance. 5、 Risk tips
This agreement is a principled agreement on cooperation between both parties. The specific cooperation contents will be further implemented and promoted according to the subsequent official documents signed by both parties, and the implementation progress is uncertain. The company will timely perform the obligation of information disclosure according to the progress of cooperation matters and in strict accordance with the requirements of relevant laws, regulations and normative documents. Please pay attention to investment risks. 6、 Documents for future reference
1. Strategic cooperation framework agreement.
It is hereby announced.
Navinfo Co.Ltd(002405) board of directors
April 1, 2002
