QiaoYin Co., Ltd.: Termination of 1 Billion Yuan Investment Agreement

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Qiao Yin Co., Ltd. announced on February 13 that previously, the company disclosed that it signed the “Qiao Yin Artificial Intelligence Industry Ecosystem Headquarters Project Investment Agreement” with the Wujiang Dongtai Lake Ecological Tourism Resort Management Office in Jiangsu Province, intending to invest no more than 1 billion yuan to establish operations locally. After signing the investment agreement, the company actively promoted various preliminary works. During the project advancement process, objective changes occurred in the investment cooperation conditions. As of now, the project has not been substantively implemented, and the two parties have not reached an agreement on the original cooperation plan. To optimize the company’s resource allocation and improve capital utilization efficiency, after careful consideration and friendly communication with the partner, based on mutual understanding, the company has sent a “Notice of Termination of Project Investment” to the Wujiang Dongtai Lake Ecological Tourism Resort Management Office in Jiangsu Province. This external investment matter is officially terminated.

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