TU-TESL

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On October 28, 2019, Automobile Co., Ltd. (hereinafter referred to as "Great Wall Motor") and ergo Group) officially signed the memorandum of joint venture, and the two sides will work together to build a market leading insurance service professional institution driven by science and technology and data in China's automobile and new travel market. Through continuous product and service innovation, the two sides will provide end consumers with a more perfect service experience in the new travel era, empower dealers, and provide great wall motor and its financial and travel services Taiwan provides better insurance service solutions. The joint venture plan of Great Wall Motors and Angu group includes the construction of insurance ecosystem business system, the development of new insurance solutions, the creation of efficient professional service team, and the ultimate realization of the full integration and play of the advantages of resources of both sides. Wei Jianjun, chairman of Great Wall Motors, said at the signing ceremony: "Great Wall Motors and German Angu group have leading advantages in their respective fields. The in-depth cooperation between the two sides in the field of insurance services will not only help the further improvement of relevant services of Great Wall Motors, but also use science and technology and data to achieve complementary advantages, and inject new momentum into the business development of both sides." "Today's signing of the memorandum of joint venture with Great Wall Motors is an important step in the sustainable development of Angu group," said Dr. Reith, chairman of Angu group. We will work with Great Wall Motors to build a leading insurance service provider driven by technology and data for China's automobile and travel market. This not only fulfills the strategic direction that Angu group is committed to becoming an important partner in the automotive industry, but also greatly strengthens Angu group's position in the core growth market of China. Great Wall Motors, together with Angu, will provide our partners and customers with high-quality innovative service solutions. " Great Wall Motors is a global automobile manufacturer and the largest pickup manufacturer in the Chinese market. It was listed on H shares in Hong Kong and a shares in China in 2003 and 2011 respectively. It has four brands: haver, wey and Great Wall pickup. From 2016 to 2018, Great Wall Motor sold more than 1 million vehicles for three consecutive years. As an important business sector in the industrial layout of Great Wall Motors, insurance business has injected a strong impetus for the rapid development of this sector by inviting German partners to join in. As one of the most important insurance groups in the world, AMG currently provides comprehensive insurance, investment and related services in 30 markets in Europe and Asia. The German Angu group is an important member of Munich reinsurance group, the world's leading reinsurance company. Through the cooperation between ergo mobility solutions and Great Wall Motors, it further proves that Angu group is a strategic partner in the automobile and travel industry, which promotes the further development of Angu group and strengthens its position in the core growth market of China. Founded in 2017, EMS focuses on strategic cooperation in the automotive and travel industries, mainly in the three global automotive markets, China, Germany and the United States. This cooperation in the world's most important Chinese market is fully in line with its strategic direction and deployment. Karsten Crede, a member of the board of directors of Angu digital innovation, who is also responsible for Angu automotive industry solutions, said: "financial services in the automotive aftermarket, especially insurance services, have become increasingly important for the automotive industry to enhance customer loyalty and dealer satisfaction. Today's signing of the joint venture memorandum confirms once again that Angu group is a strategic partner of car owners, dealers and car enterprises in the automobile industry by providing innovative automobile and travel solutions. ".