Guanxiang Technology: The subsidiary plans to invest 1 billion yuan to build the AI Technology Achievement Transformation Headquarters Base Project, providing services such as dedicated TOKENs for clients in different fields

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Golden Finance reports that on May 22nd, Vision Technology announced that its wholly-owned subsidiary, Yunwang Zhi Suan (Xinjiang) Technology Co., Ltd., plans to invest in the construction of the Balykli AI Technology Achievement Transformation Headquarters Base Project in Balykli Kazakh Autonomous County, Hami City, Xinjiang Uygur Autonomous Region. The project is planned to have a total investment of approximately 1 billion RMB (the final project investment amount is subject to actual investment). This transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," nor does it constitute a reorganization listing, and does not require approval from relevant authorities. The project plans to build an AI empowerment center, and based on the AI technology already mastered by the company, combined with the needs of fields such as mining, animal husbandry, and agriculture, to carry out the application of artificial intelligence technology in vertical industries. After the project is completed, it can provide dedicated TOKEN services for clients in different fields, technical verification services and products related to non-metallic and metallic mineral resources, and intelligent unmanned equipment products.
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