According to the Qichacha App, Beijing Yingbo Jingxi Technology Co., Ltd. has been newly established, with Li Ning serving as its legal representative and boasting a registered capital of 20 million yuan. Its business scope encompasses the research and development of artificial intelligence theory and algorithm software, the creation of AI application software, IT consulting services, as well as information system integration services. A closer look at the equity structure reveals that this newly-founded company is indirectly wholly owned by Hongbo Co., Ltd.