New Capital: Plans to establish a holding subsidiary Jisuan Company to deploy next-generation smart hardware

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People’s Financial News, March 11 — Xin Guodu (300130) announced on March 11 that to fully seize the global market opportunities arising from the integration of artificial intelligence and consumer electronics, the company plans to focus on global user scenarios, develop a new generation of smart hardware, and launch a new brand, Xalgo. Based on this, the company will explore cutting-edge applications of AI technology in the consumer sector. This business will be led by senior executives of the company as project leaders and is planned to be incubated through a joint investment with the company by establishing a subsidiary. The company intends to invest 16.2 million yuan alongside Director and Vice General Manager Shi Xiaodong and Shenzhen 537 Forward Investment Partnership (Limited Partnership) to establish a controlling subsidiary, Shenzhen Xin Guodu Jisuan Technology Co., Ltd. (English name: Xalgo Inc.) (referred to as “Jisuan Company”). After the transaction is completed, the company will hold 54% of Jisuan Company’s equity, and Jisuan Company will be included in the company’s consolidated financial statements.

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