According to the information center of national elites foundation, a cooperation agreement was signed
between the Vice-Presidency and China in a meeting attended by Alireza Daliri,
deputy for management development and resources, Mahdi Safarinia, head of the
Pardis technology park, and Camsi Co. from China.

Alireza Daliri talked about the activities performed in Pardis
technology park in the area of new and promising technologies.

He emphasized the development of thousand of hectares for Pardis
technology park, stating: development of the third phase of Pardis technology
park can lead to the establishment of companies, reference libraries and a
number of technological services. In addition, all organizations with the ability
to provide general, specialized and library and financial services can be
established here.

Daliri continued: the cooperation agreement with the national
Camsi Co., which performs most of financial supply projects of Iran, is signed
to develop the third phase of Pardis technology park. According to this
agreement, 125 million euros will be provided during 10 years with a two-year
break to construct and equip the third phase of Pardis technology park.

At the end, Daliri expressed: the executive projects will be
initiated in 2018 after the signing of agreement.

According to this report, the financial supply and investment
office of the Vice-Presidency has started several evaluations in this area
along with the development of the third phase of Pardis technology park.

The first step was assessment of recommendations made by the CAMC
engineering company and the suggestion was finalized after several meetings and
by counseling with the Pardis technology park.

The Chinese side also proposes a new recommendation, which was
eventually signed in a joint meeting held March 4^th 2018 in the
presence of four seniors and representatives of the mentioned company to sign
the agreement. It was decided to finalize the contract during the next four
month and with the cooperation of both parties.

It is noteworthy that Pardis technology park is the largest
technology park of Iran, and implementation of its third phase will lay the
foundation for development of knowledge-based and strategic technologies
companies. The currency value of this mutual agreement is 125 million euro.