China Gas Holdings Limited announced that the company and Beijing Baidu Netcom Science and Technology Co. Ltd. have entered into a strategic cooperation agreement on 17 September 2021. Based on the principle of voluntariness and equality, complementary advantages, mutual benefits and win-win cooperation, both parties will carry out comprehensive cooperation in various aspects, including construction and operation of smart city, digital asset utilization and digital transformation, digitalization of new energy businesses such as photovoltaic green energy and hydrogen energy utilization, smart cloud, map and artificial intelligence, smart customer service and marketing, dual-carbon strategy and development of financial technology products. Experts from Baidu and the company will establish the China Gas Digitalization Technology Committee for the purpose of guiding the digital construction of the company and introducing company's experience and norms developed in the course of digital construction and transformation into industry standards, such that company's are able to take the lead in the digital construction of the industry. Under the guidance of the China Gas Digitalization Technology Committee, Baidu will engage in the development of the projects in respect of the digital construction of the company and fully assist the Group in developing an intelligent data application system through big data and artificial intelligence platforms by which digital assets can be gathered, and revenue can be increased through digitalization and digital products. Proposed collaboration between both parties includes, but not limited to, the aspects of the construction of a proprietary cloud-based asset heterogeneous system, business operation management platform, intelligent integrated energy management platform, Artificial Intelligence of Things, national gas map, dangerous transportation management and deployment, traffic and supply chain services, emergency response and their applications. Both parties will introduce Baidu and business segments such as photovoltaic green energy, building-integrated photovoltaics, intelligent power distribution network, electricity sale, intelligent power operation and maintenance, intelligent energy storage, green transportation and hydrogen energy applications, which are associated with the company's new energy businesses, into smart city and industrial internet solutions, such that solutions that outperform any previous information system integration model can be developed. As such, the company can fully explore the value of artificial intelligence and propel the growth of the existing core businesses of the company. Common and industrial products developed in the process of digital transformation and construction of the company, such as AIoT, inspection robots, intelligent power and industrial applications, will be applied to the largest extent in One City, One Network and other external businesses of Baidu. By virtue of the above jointly developed solutions and products, both parties will act jointly in the market and develop the One City, One Network business in places such as Jiaxing, Xiangyang, Nanning and Wuhu on a pilot basis, before gradually expanding the business across the country. Both parties will introduce relevant ecological partners into the cooperation for the opening up of the business cycles of home, vehicle, road and park. Specific target partners and the way of cooperation in respect thereof will be determined by the joint working group that consists of both parties, and the initial target partners will be home appliance enterprises with high inventory, automotive manufacturing enterprises, property holding or operating enterprises which are widely distributed, and physical manufacturing enterprises with large industrial parks.