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On the afternoon of May 30th, China Bester Group Telecom Co.,Ltd. and Beijing Luostar Digital Remote Sensing Technology Co., Ltd. (hereinafter referred to as "Lostar") signed a strategic cooperation agreement in Beijing. Mr. Wu Yun, Member of the Standing Committee of the Party Committee and Deputy General Manager of China Energy Construction, Mr. Sun Bin, Deputy Director of the Department of Science and Technology and Information Technology, Mr. Wan Mingzhong, Member of the Standing Committee of the Party Committee and Deputy General Manager of the Central Electric Power Planning and Design Institute, Secretary of the Party Committee and Chairman of Beijing Luostar Company, Leaders such as Mr. Li Liubing, Chairman of China Bester Group and Mr. Yu Shiliang, Deputy General Manager of China Bester Group attended the signing ceremony.

Beijing Luostar Digital Remote Sensing Technology Co., Ltd. is the only wholly-owned subsidiary of the General Electric Power Planning and Design Institute and a well-known IT enterprise in the domestic energy field. The company has a number of qualifications such as computer information system integration qualification, information security service qualification, grade A surveying and mapping qualification, double soft enterprise qualification, AAA grade credit enterprise, and has passed international quality management system certification; the company is also the "China Energy Construction Group Information Center ", "National Electric Power Planning Research Center Electric Power Information Research Institute" and "General Electric Power Planning and Design Institute Information Technology Center" to provide professional information services for the government, enterprises, and engineering construction.

China Bester Group Telecom Co.,Ltd., listed on the main board of the Shanghai Stock Exchange in November 2018 (Bester 603220). The company has a first-level qualification for general contracting of communication engineering construction, a first-level qualification for communication and information network system integration, and a major in electronics and intelligence. Contracting first-level qualifications, information system integration second-level qualifications, and first-level security engineering qualifications. The company's customers are all well-known domestic telecommunications companies, mainly China Mobile, China Telecom, China Unicom and other three major telecommunications operators. At the same time, it provides dedicated communications and information services for large domestic enterprises and governments.

This time, the two parties will work together to establish a comprehensive strategic partnership around weak current and intelligent integration, electric power, IDC computer room construction, Internet of Things applications, 5G smart cities and other related fields, and give full play to the technologies, capital, talents, market, and Resources and other advantages, carry out complementary resource advantages, and achieve a win-win situation.

Mr. Li Liubing, chairman of our company, and Mr. Wan Mingzhong, chairman of Losta, signed the strategic cooperation agreement on behalf of both parties. The establishment of a long-term and harmonious strategic cooperative relationship between the two parties not only conforms to the needs of the power system in the development of the 5G Internet of Things in the communications industry, but also achieves resource sharing and complementary advantages, which is of great significance to promoting the innovation and development of various technologies of both parties.