INGDAN.Com and the Hong Kong University of Science and Technology Partner to Enter New Materials Industry

HONG KONG, May 29, 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, has signed a cooperative agreement with the Hong Kong University of Science and Technology's ("HKUST") Fok Ying Tung Research Institute. Both parties will jointly establish an "Internet+" new materials platform to create a sharing economy-style platform for the electronic materials industry. The new platform will provide electronic manufacturing customers with better, more transparent access to the electronic materials sourcing market and global laboratory resources.

Dr. Jingshen Wu, HKUST's Director of the Center for Engineering Materials and Reliability (CEMAR), will join the leadership of the "Internet+" new materials platform. The platform will enable Dr. Wu and his HKUST team to bring new technological achievements to market with greater speed and cost efficiency, shortening the time between research and production. Startups and SMEs registered on INGDAN.com will also benefit from the additional resources and support.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "HKUST maintains excellent relations with the top new materials research institutions around the world. We are honoured to be working with HKUST to establish a community for key decision makers in the materials industry as we continue to build our new materials ecosystem. This new "Internet +" new materials platform will also help INGDAN.com's several thousand Chinese electronic manufacturing customers match with the top new materials research institutions. New materials is a trillion-RMB market industry and is the core of the next generation of technology products. We see INGDAN.com's role as an incubator and connector for new materials research institutions to this exciting market."

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/

SOURCE Cogobuy Group

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