Beijing Lier has released an official announcement detailing its intentions to invest 200 million yuan towards subscribing to 69,190,069 yuan of newly augmented registered capital in Shanghai Zhenliang Intelligent Technology Co., Ltd. (hereinafter referred to as "Shanghai Zhenliang"). Concurrently, Zhao Wei, the chairman of Beijing Lier, will also invest 50 million yuan to subscribe for 17,297,517 yuan of Shanghai Zhenliang's newly increased registered capital. Upon the successful completion of this capital injection, Beijing Lier and Zhao Wei will hold equity stakes of 11.43% and 2.86% in Shanghai Zhenliang, respectively.

Founded in 2020, Shanghai Zhenliang has garnered strategic investments from SenseTime Technology, Sany Group, and Guangdong Civilian Investment. The company specializes in the research, development, and production of GPGPU (General-Purpose Graphics Processing Units) tailored for AI inference scenarios, as well as the localization of smart computing infrastructure. To date, Shanghai Zhenliang has successfully mass-produced two generations of AI chips and anticipates achieving large-scale quarterly deliveries of its latest generation of GPGPU chips by 2025.