The company has recently established a subsidiary, which is mainly engaged in the fields of artificial intelligence, intelligent driving, and low-altitude economy. What is the purpose of the company setting up a subsidiary? Does the company want to increase investment in this direction, or is it preparing to introduce strategic investors?

Tianjue Technology: Hello, thank you for your attention to the company. Tianjue Technology disclosed in its 2023 annual report: The company built a passenger car intelligent driving domain controller based on the Horizon Journey J5 and built an edge computing business based on the NVIDIA Jetson chip. In 2023, it has achieved operating income of 92 million yuan, a year-on-year increase of 61.94%. In April 2024, Horizon officially released the new generation of J6 computing platform and announced that Tianjue became one of its first four mass production partners. The company is not joining this direction, but already has a very good foundation in related fields. The investment in the establishment of Tianjue Xingzhi subsidiary is an important layout for the company to strengthen general artificial intelligence (AGI) and promote its long-term development strategy. It can better adapt to the rapid development of intelligent driving business and further vigorously expand embodied intelligence, low-altitude economy and other businesses. In the future, the subsidiary can closely cooperate with upstream and downstream of the industrial chain through more flexible forms such as introducing industrial investment and joint development to promote the rapid development of the business.