Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) is planning to subscribe to 150 million yuan of shares in Shanghai Jiayue Xingchen Intelligent Technology Co., Ltd.

Zhejiang Meorient Commerce & Exhibition Inc. (300795.SZ) announced that the company plans to sign a share subscription agreement to subscribe to the shares issued by Shanghai Jieyue Xingchen Intelligent Technology Co., Ltd. with its own funds of 150 million yuan. After the subscription is completed, the company will obtain minority shareholder rights in the target company. This subscription of shares constitutes an increase in capital for the target company. The target company mainly engages in the development and application of natural language, image, video, and other model processing tools driven by artificial intelligence.