ST establishes a new company including robot business.

According to the enterprise investigation app, Tianjin New Element Wanxiang Technology Co., Ltd. was recently founded with a registered capital of 100 million RMB. Its business scope includes research and development of smart robots, sales of smart robots, and development of artificial intelligence application software. Through equity penetration information on the enterprise investigation app, it is revealed that the company is fully owned by *ST New Element.