Pujiang China (01417): Plans to expand the AI Token Economy, establish a new business, establish TokenVerse Holdings, and the main property management business remains unchanged

Zhitong Finance App News, Pujiang China (01417) issued an announcement. The board of directors of the company has continued to review the Group's business development direction and explore new business opportunities that can enhance the Group's long-term competitiveness and shareholder value. After carefully evaluating industry trends, the board of directors has decided that while continuing to develop the Group's main existing business in China (that is, property management services (including high-end non-residential properties and public properties, such as cultural venues, stadiums and public transportation properties), commercial building leasing services, catering services and integrated urban sanitation services, the Group plans to establish a new AI Token Economy business system with AI token production and AI token distribution as the core to cultivate new growth drivers for the Group . The new business complements the company's existing property management service business.

In order to launch new business, the Group has established TokenVerse Holdings Limited as an intermediary holding company for the new business. In the future, it will also conduct business in China through the domestic entity Shanghai Zhiyuan Wanxiang Information Technology Co., Ltd.

The Board would like to clarify that exploring a new AI Token Economy business does not mean that the Group will scale back or deviate from its existing business. The property management business will continue to be the Group's core business and a stable source of revenue and cash flow, and the Group has no intention of selling or terminating this business in the foreseeable future. The Group will actively explore the application of artificial intelligence technology to empower its existing property management business and enhance its digital and intelligent capabilities, operational efficiency and customer experience. The board of directors believes that developing a diversified business model for the new AI Token Economy business while the property management business is growing steadily will help enrich the Group's business structure and revenue sources, and enhance the Group's long-term competitiveness.

The Board of Directors wishes to remind shareholders and potential investors that the AI Token Economy related business to be launched by the Group is a new business of the Group and is currently in the early stages of development.