YUK WING GP (01536) plans intelligent upgrades to existing group products.

YUK WING GP (01536) announces that the Company plans to carry out intelligent upgrades to the existing Group's products, and after artificial intelligence technologies mature, will extend the relevant technologies to products in other fields. The Board intends to expand the research and development, manufacturing and sales related to new technologies by establishing a management team with relevant knowledge and experience. The Board has been actively exploring other business opportunities to diversify the existing businesses of the Group and open up new markets with significant growth potential. In view of the rapid growth and increasingly widespread commercial application of artificial intelligence technology across industries globally, the Board believes that this will provide the Group with opportunities to broaden its revenue sources and is therefore in the overall interests of the Company and our shareholders. Although the Group intends to explore the expansion of diversified businesses, the existing principal businesses of the Group, namely (i) manufacturing and trading of down-the-hole rock drilling tools and (ii) trading of pile drivers and drilling rigs and rock drilling equipment, will continue to be the core businesses of the Group.