On January 23, 2024, Cho Thavee Public Company Limited (the ?company?) received and launched the electric bus brand "ANKAI" which is an electric buses that are imported according to a cooperation contract with AVIC-INTL Project Engineering Company (AVIC-INTL), a subsidiary of AVIC, a large state enterprise in China, and Anhui Ankai Automobile Co. Ltd. (ANKAI). There was a representative from China participating in this delivery.

The company has acknowledged the needs of consumers of bus operators in Thailand that need for buses that have safety systems first, durable in use and it's the second lowest maintenance and the travel distance of commercial buses associated with high quality batteries and reliable. This battery model on the ANKAI bus is a battery that can be charged quickly with Fast Charge and normal charging systems. This creates convenience for consumers in terms of after-sales service as well. From the results of the bus market survey, The Company has decided to enter into an exclusive distributor agreement with ANHUI ANKAI AUTOMOBILE CO., LTD (ANKAI), through AVIC-INTL PROJECT ENGINEERING COMPANY "AVIC-INTL or the company Affiliated with AVIC.

Now, because the body of this electric bus is designed with a structure made of magnesium alloy, which is the same production standard as airplanes, it is lightweight but stronger and more durable than steel. Electric engine system and electric steering system Shockproof and windproof, waterproof, with car air purification system. According to the vehicle standards of ANKAI, etc., the features of this electric bus meet world-class export standards, etc.

and from the high-level features of this electric bus. As a result, the company has received a good response from the company's target group, which includes bus companies, etc., with the company's business partners want to be a distributor of such electric buses along with providing services covering the country. In addition, the company has a long-term plan to open a factory to assemble vehicle parts and receive cooperation in transferring production technology and from ANKAI to increase long-term competitiveness.

This cooperation It is an important step in penetrating the electric bus market in Thailand to support its growth and is consistent with the company's roadmap according to the "CHO Tech Riders 2030" plan to aim to be a leading company in the field of commercial electric vehicles in Thailand.