Wings Logistics Hub, a Subsidiary of Technology Holding Company (THC), the Technology Arm of EIH Ethmar International Holding Sign a Strategic Partnership and Sales Agreement with EHang HoldingsLimited

Caption: Mr. Mohamad Al Dhaheri, board member of Wings Logistics Hub (right), and Mr. Conor Chia-hung Yang, CFO of EHang (left), at the signing ceremony to announce the strategic partnership between two companies.

– EHang has become a member of the Smart and Autonomous Vehicle Industries Cluster in Abu Dhabi.

– A long-term strategic partnership has been established between EHang and Wings Logistics Hub to introduce EHang’s autonomous electric vertical-takeoff-and-landing aircraft (“eVTOL”) to the UAE.

– Wings Logistics Hub plans to purchase up to 100 units of EH216 series eVTOLs from EHang.

Abu Dhabi, UAE and Guangzhou, China, December 18, 2023 – EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading urban air mobility (“UAM”) technology platform company, announced that it is extending its operations to the United Arab Emirates (“UAE”).

This expansion involves joining the Smart and Autonomous Vehicle Industries (“SAVI”) Cluster in Abu Dhabi. Additionally, a long-term strategic partnership has been formed with Wings Logistics Hub, the passenger eVTOLs (smart mobility) and logistics tech subsidiary of Technology Holding Company (“THC”), being the technology arm of EIH Ethmar International Holding. The aim of this partnership is to collaboratively advance the development of urban air transportation and smart city management in the UAE and the Middle East and North Africa (“MENA”) region.

The SAVI Cluster, situated in Masdar City and led by the Abu Dhabi Department of Economic Development (“ADDED”) and the Abu Dhabi Investment Office (“ADIO”), is dedicated to establishing Abu Dhabi as a key hub for smart and autonomous vehicles. SAVI provides state-of-the-art facilities and value-added services within a supportive regulatory framework. This initiative encourages innovation and aids in the commercial application of smart and autonomous vehicle technologies.

EHang, with its cutting-edge autonomous eVTOLs and the world’s first eVTOL type certificate from the Civil Aviation Administration of China (“CAAC”), has formed a strategic partnership with Wings Logistics Hub. The goal of this partnership is to introduce EHang’s autonomous eVTOLs to the UAE. As part of the strategic partnership, Wings Logistics Hub and EHang will work together to facilitate local certification and operations of the EH216 series eVTOLs in the UAE.

This includes the EH216-S, EH216-L, and EH216-F models, which are designed for passenger transportation, aerial logistics, and firefighting respectively. Wings Logistics Hub intends to buy up to 100 units of the EH216 series eVTOLs from EHang with initial deliveries set to commence in the first quarter of 2024. Mr. Mohamed Al Dhaheri, board member of Wings Logistics Hub, expressed enthusiasm about collaborating with EHang to establish their inaugural international operations in Abu Dhabi. “Introducing electric aviation to the UAE is anticipated to alleviate congestion with zero emissions and, consequently, attract significant foreign direct investment and generate thousands of jobs in the region over the next decade.

We take pride in our participation in the SAVI Cluster and remain steadfast in our commitment to advancing smart and autonomous vehicle technologies for passenger transportation, mobility, logistics, and smart city management in the UAE,” said by Mr. Mohamed Al Dhaheri. Mr. Huazhi Hu, Founder, CEO and Chairman of EHang, stated, “We’re excited to share our involvement in the SAVI Cluster and our strategic alliance with Wings Logistics Hub and EIH as we broaden our reach in the UAE market. As the first company globally to receive a type certificate for an autonomous eVTOL from China’s national civil aviation authority, we’re eager to bring our leading-edge technologies to the UAE. Our aim is to work with our local partner to enhance safe, intelligent, autonomous, and eco-friendly air mobility in this region.” About Wings Logistics Hub Wings Logistics Hub is a dynamic and forward-thinking company specializing in Smart mobility, logistics tech, and omnichannel solutions.

It operates under the ownership of Technology Holding Company (“THC”), being the technology arm of Ethmar International Holding (“EIH”). Wings Logistics Hub will cater the passenger eVTOLs and logistic tech functions within EIH Ethmar International Holding. Our dedication centers on seamlessly incorporating cutting-edge technologies, specializing in smart and autonomous vehicle technologies as well as extended infrastructure including Vports across the realms of passenger transportation, smart logistic and smart city management. We lead the charge in transforming the mobility, logistics and omnichannel ecosystem through innovation, smart solutions, and autonomous technologies.

Our mission is to pioneer sustainable and intelligent mobility and logistics that propel the UAE into a future where efficiency, connectivity, and environmental consciousness converge seamlessly. As an omnichannel solutions provider, we strive to create a harmonized ecosystem that enhances customer satisfaction, fosters brand loyalty, and maximizes operational efficiency.