is establishing a new company focusing on various AI businesses in science and technology sector.

According to the Qi Cha Cha App, Beijing Qian Hong Hua Technology Co., Ltd. was recently established, with business scope including: integration services for artificial intelligence industry applications; development of artificial intelligence application software; development of artificial intelligence basic software; software development; and research and development of Internet of Things technology. Equity penetration displayed on Qi Cha Cha shows that the company is jointly owned by Hua Shi Technology and others.