Recently, Daoshi Technology unveiled the latest strides in its strategic partnership with Hunan Peisen Electronic Technology Co., Ltd., as well as their jointly - established venture, Guangdong Turing Dawson Technology Co., Ltd. Specifically, Daoshi Technology has inked a share - transfer pact with its equity - invested entity, Guangdong Xinpeisen Technology Co., Ltd., whereby it will transfer its 50% stake in Turing Dawson to Xinpeisen for a sum of RMB 5 million. Post - transfer, Turing Dawson will cease to be part of Daoshi Technology's consolidated financial statements.

Hunan Peisen stands as the largest shareholder of Xinpeisen, boasting a 27.6117% stake, while Daoshi Technology holds a 20.7088% interest in Xinpeisen.

This share transfer is a strategic move aimed at optimizing resource allocation. It is designed to bolster collaborative development within the realm of AI atomic computing and expedite the commercialization of cutting - edge technologies. Leveraging APU chips, Turing Dawson offers AI - powered advanced computing and optimization design services tailored for the new energy materials sector. On the other hand, Xinpeisen is dedicated to the research and development of computing chips and servers. Its independently developed APU chip has successfully completed crucial technical validations, and the development of the second - generation chip is progressing smoothly in an orderly fashion.