Benzinga | Apr 15, 2021 09:13AM EDT

EZGO To Deliver 10,000 E-Bicycles To A Supply Chain Company; Financial Terms Not Disclosed

EZGO Technologies Ltd. (NASDAQ:EZGO) ("EZGO" or the "Company"), a leading short-distance transportation solutions provider in China focusing on the sale of two electronic bicycle ("E-bicycle") brands, "Cenbird" and "Dilang," today announced that the Company signed a contract with a supply chain company located in Hebei, China to sell no less than 10,000 E-bicycles annually.

The sale followed the Company's participation in the 20th Annual Northern China International Bicycle and Electric Bicycle Exhibition, where EZGO also developed relationships with over 30 new distributors. The exhibition lasted for three days, with more than 600 bicycle and E-bicycle companies participating. While the event has historically featured bicycles, it has highlighted the development of E-bicycles, and included major well known E-bicycle brands in China.

The event served as an opportunity for participants to introduce various new models and technologies, while receiving orders from various sales agents and direct buyers. EZGO's display featured its "Dilang" brand with the theme of "Intelligence, Entertainment and Fast Charging." The Company's focus during the event was to highlight its advances in technology and its new models, including two and three-wheeled models with multimedia integration.

The Company also received orders from various groups or companies at the exhibition, including 1,000 units of light electric motorcycles ("e-mopeds"). We believe the high quality with competitive price make our e-mopeds attractable.