The board of directors of Digital China Holdings Limited (the ‘Board') announced that the company signed a memorandum of understanding (the ‘MOU') with Samsung SDS (Beijing) Co., Ltd. (‘Samsung SDS') and Digital China Group Co., Ltd. (‘Digital China Group') in Beijing on 28 October 2019, covering the development of cloud services, smart industry chain, smart cities and digital transformation for enterprises in China. According to the MOU, the three parties will further strengthen technical cooperation in cloud computing, big data, artificial intelligence, and internet of things based on strategic synergy and long-term mutual partnership and trust, actively expanding into businesses including smart cities, smart industry chain. Through complementary resources and alliances, the resources of the three parties will be integrated in platforms, industry solutions and new technology products to create digital service capabilities and jointly promote the digital development of China.

The three parties agreed to launch discussion on the implementation of the technical and commercial solutions of Samsung SDS in the Chinese market, including internet of things, smart industry chain, artificial intelligence, robotic process automation solutions, cloud computing, big data, and smart agriculture. At the same time, a newly established innovation center will create new application scenes, research and development solutions and results demonstrations; the three parties will focus on smart industry chain, smart cities, digital transformation for enterprises and other key areas. The three parties will actively carry out technical exchanges and knowledge sharing, and use Chinese application scenes to focus on the development of localized joint solutions and platform products around the internet of things, artificial intelligence, robotic process automation solutions, cloud computing, big data, and smart agriculture, in combination with the existing technologies and products of the three parties.

In addition, the three parties will jointly develop marketing and implementation plans based on original and jointly developed products.