Segway-Ninebot and Wuhan Power Battery Recycling Technology Co., Ltd., a subsidiary of GEM Co., Ltd. (hereinafter referred to as "GEM"), signed a cooperation agreement in Wuxi, Jiangsu. This collaboration aims to leverage the strengths and needs of both parties, with Segway-Ninebot stores as the entry point, and leveraging the "GEM Recycling" digital platform and recycling network system to carry out lithium-ion battery recycling business for Segway-Ninebot's full range of products, including electric two-wheelers, electric scooters, and electric balance bikes. This project marks the first lithium-ion battery recycling initiative led by a manufacturing enterprise in China's short-distance transportation industry.