Sterling Tools Ltd

🚀 Sterling Tools Partners with $40M Chinese Firm for Advanced Rider Tech in India

• Signed Technical Collaboration and Supply Agreement with Nanjing Haohang Technology Co., Ltd. on April 27, 2026

• Partnership focuses on engineering, system adaptation, manufacturing, and sales of advanced rider assistance systems (ARAS)

• Collaboration targets the Indian two-wheeler market

• Nanjing Haohang Technology Co., Ltd. has an annual turnover of approximately USD 40 million

• No consideration payment or share exchange involved

• Agreement is not a related party transaction and conducted at arm's length

• Goal is to develop ARAS technology specifically tailored for Indian driving conditions