The board of directors of Qingdao AInnovation Technology Group Co., Ltd. announced that on 15 March 2023, the Company entered into a strategic cooperation agreement (the "Strategic Cooperation Agreement") with Beijing Langboat Technology Co., Ltd. ("LangboatTechnology"). Pursuant to the Strategic Cooperation Agreement, the parties will: 1. foster a strong alliance that is based on the Company's technology accumulation and implementation experience in the computer vision and machine learning sectors, as well as the NLP technology of Langboat Technology, in order to build a complete AI2.0 technology layout; 2. in the scenarios that have been intensely developed by the Company, jointly explore the technological innovation and attempt commercialization launch of technologies such as ChatGpt-like and AIGC technologies in manufacturing, financial and other industries; 3. jointly leverage their respective advantages in the field of AI in terms of technology, talent and commercial application through their cooperation and synergy in projects, technologies, products, services, capitals and other aspects, thereby enhancing the positions of both parties in relevant industries.