Title: Strategic Alliance Between Sino Plaza and CNPC BGP Uganda: Empowering Oil & Gas Exploration Through Mobility & Logistics Solutions

Subtitle: Customized Vehicle Rental and Overland Transport Collaboration to Accelerate Geophysical Projects

Recently, Sino Plaza Business Center LTD ("Sino Plaza"), a leading cross-border business service provider, formally signed a strategic cooperation agreement with the Ugandan subsidiary of China National Petroleum Corporation BGP Inc. ("CNPC BGP Uganda"). Leveraging complementary strengths, the two parties will engage in in-depth collaboration in two core areas: customized vehicle rental and end-to-end overland transportation. This partnership aims to provide full-cycle logistics support for CNPC BGP's oil and gas exploration projects in Uganda's national parks and remote regions, facilitating Chinese enterprises' expansion in the East African energy market.

I. Cooperation Background: Exploration Demand Meets Local Service Capability

As a global leader in oil and gas geophysical exploration, CNPC BGP has established a strong presence in Uganda. Its key projects, including the Total project, have penetrated core national park areas, utilizing innovative technologies like wireless node acquisition to minimize operational impact on wildlife habitats. With the acceleration of oil and gas development in East Africa, CNPC BGP's operations have expanded from urban hubs like Kampala to remote regions such as Kidepo Valley National Park and the Rwenzori Mountains, creating an urgent need for terrain-adapted transportation and efficient logistics networks.

Uganda's logistics sector is experiencing robust growth (projected to reach $11 billion by 2030), yet infrastructure limitations persist: only 15% of roads are paved, with 25% of asphalt roads deteriorating during the rainy season, and remote areas accessible only by high-clearance vehicles. Sino Plaza, with its deep expertise in the East African market, has built a localized service system covering "vehicle adaptation-route planning-compliance management." Its vehicle resources and logistics solutions perfectly align with the geophysical industry's demands for "high mobility and reliability," forming the core foundation of this collaboration.

II. Core Cooperation Areas: Addressing Exploration Logistics Pain Points

1. Customized Exploration Vehicle Rental Services

Tailored to CNPC BGP's operations in national parks and mountainous areas, Sino Plaza will provide specialized vehicle solutions: core fleet includes 4×4 off-road models such as Toyota Land Cruiser Prado/TX, equipped with high-clearance chassis and waterproof cargo compartments to navigate muddy tracks and water crossings. Each vehicle is installed with real-time tracking and emergency communication systems, operated by local drivers familiar with protected area routes, and covered by specialized insurance including wildlife collision coverage. Additionally, a "on-site maintenance + urban spare parts warehouse" linkage mechanism will ensure zero downtime for vehicles used in vibroseis equipment transportation and technical personnel commuting.

2. End-to-End Overland Transport Network

The two parties will co-build an overland transport system covering the entire exploration lifecycle: for geophysical equipment (e.g., wireless nodes, vibroseis trucks), Sino Plaza will optimize routes from Kampala ports to project sites, prioritizing main roads with PQI (Pavement Quality Index) over 60% and avoiding rain-induced landslide-prone sections, increasing transportation efficiency by 40%. For cross-border transport, leveraging resources from the Uganda National Transporters Alliance (UNTA), it will efficiently handle permits for neighboring countries like Kenya and DRC, resolving inter-regional equipment deployment challenges. A digital logistics platform will also be established to enable real-time tracking and anomaly alerts for exploration materials.

III. Strategic Value: Building East Africa's Energy Service Ecosystem

A representative from CNPC BGP Uganda stated that this collaboration represents the deep integration of technical exploration and local services. Sino Plaza's customized solutions will significantly reduce transportation costs and time loss in field operations—estimates show that vehicle adaptation and route optimization alone can improve single-project transportation efficiency by 35%, critical for time-limited exploration in national parks. As a core force of CNPC's overseas exploration, BGP will use this partnership to further expand 3D seismic exploration business in East Africa.

Sino Plaza's CEO noted that the geophysical industry's uniqueness demands high service responsiveness and professionalism. For this collaboration, the team has developed a "exploration vehicle-route-maintenance" integrated service model, with potential extensions to equipment warehousing and cross-border customs clearance. This not only complements both parties' businesses but also exemplifies Chinese enterprises' joint efforts to improve East Africa's energy service chain, injecting new vitality into the Belt and Road energy cooperation.

With the advancement of the African Continental Free Trade Area (AfCFTA), Uganda's strategic position as an East African logistics hub is increasingly prominent. This cooperation will fully leverage local logistics infrastructure upgrading opportunities (the government plans to invest $5 billion in logistics infrastructure over five years), achieving a win-win situation for exploration efficiency and service value.