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News and Events Dec 09, 2020

Luokung cooperates with Yiting to provide location-based commercial marketing services for more than 90,000 gas stations across China.

Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today announced that it has signed an agreement with Guangdong Yiting Information Technology Co., Ltd. ("Yiting"). The two parties will cooperate to provide location-based commercial marketing services for more than 90,000 gas stations across China. Relying on the ecological cooperation system between Yiting and Gas Stations and the Luokung map open platform, this cooperation enables each gas station to manage its own features on the map, including but not limited to personalized landmarks, personalized navigation routes, real-time map updates and display of marketing information for gas related and non-gas related products on the site, and other personalized marketing services. With the capability of completing all relevant transactions on the map, it enables gas stations as an example of "my position that I operate in my way".

Guangdong Yiting Information Technology Co., Ltd. is a leading service provider of senseless and contactless payment in China's energy retail industry. Cooperating with China UnionPay, Agricultural Bank of China, China Construction Bank, Industrial and Commercial Bank of China, PetroChina, Sinopec, Sinochem, etc, it deploys a senseless payment system in gas stations,  and launches services including refueling through Electric Toll Collection ("ETC"), one-key refueling and non-gas related products, which covers more than 100 million drivers, 93,000 gas stations, by collaborating with China's leading mobile gas platform and smart gas station service platform, such as Guanghui Cloud Oil, Tuan Oil, Easy Fuel, Xiaoju Refuel, Didi Refuel, Feeding Car and Smart Fueler etc.

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