Recently, China Africa Taida Investment Co., Ltd. (hereinafter referred to as China Africa Taida) reached a strategic cooperation consensus with China Star North Automobile Trading Co., Ltd. (hereinafter referred to as China Star North) and ZhongYuan Import and Export Group Co., Ltd. (hereinafter referred to as ZhongYuan Group). The three parties will work together to create commercial value of 1+1+1>3, and build a mutually beneficial and sustainable partnership with the core of second-hand car export, linking projects such as vehicle sources, spare parts, maintenance, international logistics, warehousing, security, overseas warehouse exhibition and sales, cross-border e-commerce, and financial introduction.

    Huaxing North is the largest automotive service enterprise in Tianjin, with sales accounting for more than 30% of the brand's market share in Tianjin. As a leading enterprise in the Tianjin auto trade industry, Huaxing North has been selected as one of the "Top 100 Enterprises in Tianjin" for many times, listed as one of the "100 Most Influential Brands in Tianjin" for many times, and won laurels such as "Top 50 National Automobile Dealers", "Top 10 National Automobile Marketing Groups", and "Top 500 Chinese Service Industry Enterprises". In this cooperation, Huaxing North mainly provides second-hand car export testing, export license processing, export customs declaration, and other businesses. For this industry giant, which has been established for more than 20 years, it can be said to be proficient.

    Founded in 2017, ZhongYuan Group is mainly engaged in the import and export of goods, technology, and other businesses, covering car sales and leasing, wholesale of spare parts, entertainment boat and sports boat sales, and air transportation equipment sales. Perhaps because of this, its resolute and resolute momentum is of great significance to China in this cooperation. According to the tripartite consensus, ZhongYuan Group will participate in the cooperation with high-quality second-hand car sources, overall operating costs, and shipping costs.

    China Africa Taida is the domestic operating entity of China Egypt Taida Suez Economic and Trade Cooperation Zone. Taida Cooperation Zone has been deeply rooted in Egypt for more than 10 years, and has been deeply concerned and supported by the Chinese and Egyptian governments. It is the only national level overseas economic and trade cooperation zone that has been jointly unveiled by Chinese and Egyptian leaders for two times, with strong political and commercial resources and social influence. In 2019, TEDA obtained special approval from the Egyptian government, becoming the only Chinese enterprise that can conduct international logistics bonded, general trade, and entrepot trade in Egypt. In December 2020, TEDA obtained a formal approval from the Egyptian General Administration of Customs, allowing the TEDA-Royal bonded warehouse it invested in to engage in the storage of empty and heavy containers and bonded goods, and designating Suez Customs for business jurisdiction and customs supervision.

    In addition, the Egyptian government has decided to ban the import and storage qualification of second-hand cars in Port Said and Alexandria in the next two years, and all such businesses will be transferred to the region where the Suez Canal Economic Zone - TEDA Cooperation Zone is located. The General Administration of the Suez Canal Economic Zone stated that, in principle, it would not approve the import and storage licenses for used vehicles other than TEDA within two years.

    The "Iron Triangle" jointly concluded by China Africa Taida, China Star North and ZhongYuan Group has established a basic framework for China's second-hand cars to move towards Egypt and the world on a small scale. Through the integration and compatibility of resources such as capital, technology, services, vision, and brand power, we can form a guarantee of winning the market and build a strong platform. Conduct exploration and demonstration in the early stage, and then attract more like-minded people to join, either through quantitative changes in scale or accumulation of layers, ultimately growing into a three-dimensional and rich business group, seeking cooperation in international trade of goods, labor export, project construction, international production capacity, and other aspects based on the "China Egypt second-hand car direct road", to create greater commercial value for society.