XGD INC. (300130.SZ) plans to layout a new generation of intelligent hardware and launch a new brand Xalgo.

XGD INC. (300130.SZ) announced that in order to fully grasp the global market opportunities of the integration of artificial intelligence and consumer electronics, the company plans to focus on global user scenarios, layout the new generation of smart hardware, and launch the brand new brand Xalgo, in order to explore the forefront application scenarios of artificial intelligence technology in the consumer market. This business will be led by senior executives of the company as project leaders, and plans to jointly invest with the company to establish a subsidiary for incubation. This is aimed at fully leveraging the dual advantages of the company's industry resources and senior management team's experience, enhancing entrepreneurial responsibility through deep binding of core personnel interests, accelerating product innovation and overseas market expansion. This investment is in line with the company's global strategy, helping the company build new growth poles in the smart hardware field and create long-term value for shareholders. The company plans to jointly invest with Mr. Shi Xiaodong and Shenzhen 537 Ahead Investment Partnership Enterprise (Limited Partnership) to establish a holding subsidiary, Jisuan Company. The registered capital of the subsidiary is RMB 30 million, with the company contributing RMB 16.2 million, accounting for 54% of the subsidiary's registered capital; Shi Xiaodong contributing RMB 10.2 million, accounting for 34% of the subsidiary's registered capital; and Shenzhen 537 Ahead Investment Partnership Enterprise (Limited Partnership) contributing RMB 3.6 million, accounting for 12% of the subsidiary's registered capital.