Baiao Intelligence revealed in a public announcement that its wholly-owned entity, Baiao Singapore, intends to allocate USD 3 million (equivalent to roughly RMB 21.32 million) for the establishment of a fully-owned subsidiary's subsidiary, Baiao Vietnam, in the Vietnamese market. The scope of operations for this new venture will encompass the research and development, design, installation, commissioning, and sales of intelligent equipment, along with both software and hardware solutions. This strategic initiative is designed to fortify Baiao Intelligence's AI product ecosystem, spur technological advancements, widen its business reach, and deepen its market penetration for ancillary products associated with AI high-speed cables and backplane connectors. Additionally, it aims to bolster the company's resilience against global trade uncertainties. It's important to note that this investment endeavor necessitates approval from pertinent regulatory bodies and is susceptible to various uncertainties and risks inherent in such ventures.