On August 3rd, Sino Wealth Electronic disclosed on an investor interaction platform that it is vigorously pursuing development opportunities within the edge AI field. Moreover, it has integrated pertinent technology research and development into its overarching strategic blueprint. The company has laid out plans to allocate RMB 299 million towards R&D efforts by 2025. Furthermore, it has successfully acquired numerous patents related to AI Microcontroller Units (MCUs). In collaboration with Midea, the company has witnessed a substantial surge in the shipment volume of AI voice-controlled MCU chips. Additionally, the Lingang production line has commenced operations without a hitch. As of the time of reporting, Sino Wealth Electronic's market capitalization was recorded at RMB 7.251 billion, experiencing a minor downturn in its stock price.