EZGO's Affiliate Gets Rights To Operate E-Bicycle Sharing Services In Shandong Province

EZGO Technologies Ltd EZGO announced an affiliate of its PRC subsidiary has entered into an operating agreement with the Tancheng local administration in Linyi City, Shandong Province.
Under the agreement, EZGO will have exclusive rights to operate e-bicycle sharing services, providing up to 3,000 e-bicycles for bike-sharing purposes in the Tancheng local area.
The term of the agreement is three years, commencing from November 9, 2021, to November 8, 2024. The financial terms were not disclosed.
Price Action: EZGO shares are trading lower by 6.31% at $2.08 on the last check Friday.

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