Search
On January 20th, Yihualu issued an announcement stating that its board of directors had deliberated and approved a resolution to discontinue the "Super Storage R&D Project" and the "Artificial Intelligence Training Resource Library & Global Video Perception Service Platform Project." The residual funds raised, totaling approximately RMB 355 million (inclusive of interest and other income), will be permanently earmarked to bolster working capital, supporting the company's routine operations and business expansion. The decision to terminate these projects stems from various factors, including alterations in the economic landscape, evolving customer preferences, rapid technological advancements, and strategic realignments within the company. Notably, nearly RMB 80 million of these funds are currently under judicial freeze, with the timing of their release remaining uncertain.
-
C114 Communication Network -
Communication Home
