Jiuzi Holdings, Inc. announced that its operating entity, Hangzhou Zhitongche Technology Limited ("Zhitongche"), has entered into a regional exclusive agency agreement (the "Agreement") with Shanghai Aiways Yiwei Automobiles Sales Co. Ltd. ("Aiways Yiwei"). Pursuant to the Agreement, both parties will collaborate to co-develop their retail distribution channels in Guangxi Zhuang Autonomous Region ("Guangxi"), China.

In the first two months of the one-year term starting on July 1st, 2022, Zhitongche will adopt its unique franchise model to complete the establishment of one Aiways store in Nanning, the provincial capital of Guangxi, and 11 Aiways experience centers in other major cities in Guangxi.