Nuokada Technology (00519): Business transformation through the development of AISiasun Robot&Automation business.

NovaTek Technology (00519) announced that it has officially changed its name to NovaTek Technology Group Limited, with the stock abbreviation changed to "NovaTek Technology", the company website is www.novautekgroup.com, and the change will take effect on February 12, 2025 (Lunar New Year's Day). The stock code will remain unchanged (00519.HK). This renaming marks the company's comprehensive transformation and upgrade, officially embarking on a new journey of global development with technological innovation as its core. The Group focuses on cutting-edge areas such as artificial intelligence (AI) technology, autonomous driving, AISiasun Robot&Automation applications, and research and development, and is committed to integrating advanced technology with global market demand. Currently, the Group's AISiasun Robot&Automation has been implemented in various scenarios in Hong Kong and mainland China, including sanitation, patrol, warehousing, logistics, and transportation. With stable and efficient technical capabilities and service performance, it has won unanimous praise from users, fully verifying its technological maturity and commercial capabilities. AI technology and products are accelerating their penetration into smart cities and people's lives, with the global market expected to exceed one trillion US dollars by 2030. The Group will continue to enhance product applications and technological innovation, expand international markets, and work hand in hand with global partners. Through cooperation with Alibaba to establish a one-stop online marketing platform, it will help AISiasun Robot&Automation go global. The company's products and services are market-oriented, adhere to the concept of "intelligent manufacturing, empowering the world", aiming to promote the global intelligent process through innovative technology and provide efficient and intelligent solutions and services to various industries. This renaming is an important milestone in the Group's development, symbolizing a steadfast confidence in the future. The Group will face market challenges with a new attitude, seize the opportunities of the times, continuously enhance its core competitiveness, and create greater value for shareholders, partners, and society.