FEG Holdings (1413) Signs Strategic Cooperation Framework Agreement to Tap into Ride-Hailing and NEV Mobility Market
NewTimeSpace reports that FEG Holdings Corporation Limited (Stock Code: 1413) issued a voluntary announcement on January 12, disclosing that on December 30, 2025, the Company ("Party A") entered into a non-legally binding strategic cooperation framework agreement (the "Framework Agreement") with Sichuan Kuaike Automotive Service Co., Ltd. ("Kuaike Company", "Party B") to jointly explore and develop the online ride-hailing and new energy-related mobility market in Greater China (including Mainland China, Hong Kong, and Macau).
The announcement states that Party A, FEG Holdings, is an investment holding company listed on the Main Board of the Stock Exchange of Hong Kong Limited. Party B, Kuaike Company, is a company established in China primarily engaged in online ride-hailing services, automotive mobility services, and new energy development and application.
Both parties recognize the huge potential of the ride-hailing and new energy mobility market in Greater China and seek strategic synergy based on their respective advantages. The Group possesses experience in capital operations and cross-regional operations, while Kuaike Company has strengths in local operations, market penetration, and holding relevant business qualifications. The parties intend to integrate resources and seize market opportunities by establishing a strategic partnership.
Pursuant to the Framework Agreement, preliminary areas of cooperation include: joint market expansion and operational optimization; new energy vehicle operations, charging/swapping facility network construction, and related solutions; policy research and resource connectivity; and technical and operational experience exchange.
The announcement reveals that the strategic cooperation will benefit from a core management team recognized by both parties. Led by Mr. Sun Shifeng (with multinational enterprise training and entrepreneurship experience, having studied at a Danish corporate headquarters and successfully started his own business), Ms. Zhu Xunqing (with extensive automotive industry management and investment consulting experience), Mr. Ji Xiaofeng (with years of government and public affairs coordination experience), and Ms. Meng Junjun (with a combined background in international trade and commercial banking client management), this team is expected to play a key role in future specific cooperation projects.
The Board believes that establishing a strategic partnership with Kuaike Company aligns with the Group's development strategy of actively exploring new growth opportunities. By combining Kuaike's operational expertise in the mobility sector with the Group's resource and platform advantages, this cooperation could help the Group potentially tap into the promising ride-hailing and new energy market, thereby creating long-term value for shareholders.
Key risk warning: The Framework Agreement represents only preliminary cooperation intent between the parties and does not contain binding terms regarding any specific projects. Whether the cooperation can proceed smoothly, when it will advance, and whether it can ultimately achieve expected benefits remain uncertain. The execution of the Framework Agreement does not constitute a notifiable transaction under Chapter 14 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
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