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INGDAN.com and Haier Jointly Build Smart Home Ecosystem

- Helps Traditional Manufacturing Enterprises Evolve to New Era

HONG KONG, Nov. 30, 2016 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce that INGDAN.com, the Company's intelligent hardware innovation platform, formed a partnership with Haier (600690.SH) earlier this year. Meanwhile, INGDAN.com together with Haier, have jointly hosted the "2016 Haier U+ Makers Competition". The competition attracted more than 200 startups -- approximately 50 of which were registered INGDAN.com users -- and supported INGDAN.com and Haier's joint, ongoing build-out of a global smart home ecosystem.

INGDAN.com and Haier have jointly created the China Smart Life Industry Alliance (CSLIA) for the promotion and development of China's smart home industry. Through the partnership, Haier utilizes INGDAN.com to source smart technology solutions and become more proactively engaged in smart devices R&D for Haier product upgrades. Meanwhile, INGDAN.com is able to attract hundreds of small to medium-sized home appliance manufacturers at scale to transform their traditional home appliances into smart home appliances.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "We are glad to see early, positive results from the partnership between Haier and Cogobuy. As consumers move towards products that enable higher living standards, more and more traditional manufacturing enterprises are turning to INGDAN.com for transformation and product upgrades with more smart features. In addition to Haier, we are also working with other renowned household electrical appliance manufacturers in China. We expect growing demand from large traditional manufacturers to accelerate INGDAN.com's monetization, and grow GMV and earnings for Cogobuy Group. As we near the end of 2016, these developments point to our continued strong performance in the coming year."

Additionally, in less than a week, the Shenzhen-Hong Kong Stock Connect scheme will be launched on December 5th. As a participant in the scheme, the Group is anticipating further benefits and shareholder diversification.

About Cogobuy Group

Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale and post-sale stages. The Company serves mainly SME electronics manufacturers.

For further information, please refer to the Company's website at http://www.cogobuy.com/.

About INGDAN.com

INGDAN.com is a platform dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data and supply chain demand docking for global IoT innovators and entrepreneurs. It is a one-stop hardware innovation business platform with its core being the "supply chain".

For further information, please refer to the Company's website at http://www.ingdan.com/.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ingdancom-and-haier-jointly-build-smart-home-ecosystem-300370455.html

SOURCE Cogobuy Group

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