Overall, through INGDAN.com's support for IoT, AI, and chip companies, the Group has gradually transformed from component sales and marketing platform to a business service platform. As we move forward, we will strive to provide multi-dimensional services for AIoT companies, including AI solutions, supply chain management, and intellectual property core design. With the emergence of technologies like IoT, Big Data, and Cloud Computing, and the deepened integration of information technology and industrial manufacturing, demand for chips and AI modules is poised to reach new highs. As the leading provider of IC components and customized chips, Cogobuy will play an increasingly important role. We have focused particularly on our partnerships with chip companies in emerging fields, and strengthening synergies between our IC components trading and INGDAN.com.

According to statistics from the China Semiconductor Industry Association, the value of ICs imported in 2017 was US$260.1 billion. At present, more than half of the world's top 100 chip manufacturers are partner suppliers of the Group. Having established long-term cooperative relationships with 36 leading domestic chip manufacturers, covering the majority of large chip manufacturers in China, the Group believes that it is well positioned for the growth of domestic IC companies in China. Through such impeccable resources on the industry chain, the Group aspires to facilitate China chip development and expects its chip business to maintain growth against the backdrop of the U.S.-China trade conflicts.

The Company believes that the new development strategy will reduce the Group's dependency on external funds, and help it avoid potential business risks brought by the slow recovery of banking facilities. Looking forward to the second half of the year, the Company will continue to rely on its own funds to promote the industrialization of INGDAN.com, and focus on quality to lay solid foundations for sustainable profits. In addition to EZ Robot, which focuses on robotics, INGDAN.com will continue to provide growth drivers as it rolls out other projects in the fields of customized chips, blockchain hardware and smart cars, etc. in 2019. The Group's business is expected to further grow in the second half of 2018 as stimulated by blockchain hardware and 5G demands."

Caution Statement
The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company's intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company's current intent, beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company's operations and factors beyond the Company's control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.

About Cogobuy Group
Cogobuy Group is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou and Xi'an, as well as overseas branches in the Singapore, Israel and Japan. The Group operates an IC Components Direct Sales Platform, Cogobuy.com, and INGDAN.com and strives to foster the development of an AIoT ecosystem that connects cloud computing and AI core technologies with the Group's expertise in edge computing, machine learning and deep customization. With the ecosystem, the Group aims to provide AIoT solutions to vertical industries such as smart cars, smart homes, robotics and customized AIoT chips. For further information, please refer to the Company's website at http://www.cogobuy.com/

For investor and media enquiries
Please contact Ms. Wanyee Ho / Ms. Amy Guo at  ir@cogobuy.com.

SOURCE Cogobuy Group