Tong Zhi Technology initiates the delivery process for the acquisition of Pinming Technology.

On December 12th, according to information from Tongzhi Technology, Tongzhi Technology strategically acquired the listed company Pinming Technology, and has completed all necessary preparations in accordance with the approval requirements of the Shanghai Stock Exchange, initiating the delivery process. In September this year, Beijing Tongzhi Artificial Intelligence Research Institute's wholly-owned asset transformation platform, Tongzhi Artificial Intelligence Technology Co., Ltd., a subsidiary investment entity, officially signed a share transfer agreement with the listed company Pinming Technology, acquiring 12,552,212 unrestricted shares, accounting for 15.9206% of the total share capital. Upon completion of the transfer, Tongzhi Technology officially becomes the second largest shareholder.