On April 10, Jiangsu General Science Technology Co., Ltd. disclosed that it had signed a share subscription agreement with a local listed company of the new three board stock market, which will make it as the second largest shareholder of the company committed to the Internet of Vehicles.
The partner of Jiangsu General Science Technology Co., Ltd. is Jiangsu Tianan Smart Science & Technology Co., Ltd. in this time, which will subscribe 4.525 million shares of Tianan Smart Science & Technology Co., Ltd. at the price of RMB 6.63 Yuan per share, with a total investment of RMB 30,000,750 Yuan.

Jiangsu Tianan Smart Science & Technology Co., Ltd. was founded in Wuxi in April 2010 and was successfully listed on the new three board in 2015. Focusing on the intelligent on-board terminal software and hardware of the Internet of Vehicles and technology service platform of the Internet of Vehicles, this enterprise provides system integration solutions for the Internet of Vehicles as well as the Internet of Vehicles services for end users, car manufacturers, 4s stores and industry users.

General Science Technology indicated that it would hold 12.36% shares in Tianan Smart Science & Technology after this acquisition, only second to Yang Lei, the founder. Becoming a shareholder in Tianan Smart Science & Technology will help the company to extend the layout of downstream industrial chain, seize the development opportunity in the development and application of big data in the automotive aftermarket, the accurate service of automobile manufacturers and end users and other fields, and improve the comprehensive strength and enterprise value of General Science Technology. 

(Si Xianchao)