[3] The Group has captured the huge market opportunity of V2X, and cooperated with various chip manufacturers, module suppliers, and automobile manufacturers. During the Year, the Group, together with the world's leading FPGA suppliers and technology enterprises, jointly created a hardware acceleration engine of LiDAR's 3D cloud data to empower the smart transportation field. With the surging wave of V2X, the Group will further develop and invest in the V2X market to consolidate its competitiveness in the field of V2X, and facilitate the steady development of the Group.

Outlook

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "2021 was the first year of China's '14th Five-Year Plan', and the national policy strongly supported — and continues to support — the development of technology. The government has introduced a number of favorable policies for the chip and 5G industries, which have led to a continuous increase in demand for chips. The Group also took advantage of favorable policies and market developments to maintain rapid growth in our business during the Year. In order to fully cover the needs of AIoT industry chain, the Group's iPaaS technology integration service has successfully promoted the implementation of multiple intelligent projects and achieved new breakthroughs for our business.

By joining the OpenAtom Foundation, we are committed to embedding OpenHarmony into a wide range of AIoT products with billion dollars market opportunities. In order to further the development of the application technology services field, the Group joined hands with Chinasoft International Ltd to launch a complete 'OpenHarmony +' solutions platform in early 2022, as well as an OpenHarmony collaborative innovation platform to form a comprehensive technical service capability.

The potential of chip development is viewed favorably by the market, which makes the Group's chip business a favorite of financial institutions. 'Comtech', a subsidiary of the Group, has received strong financial support from eight financial institutions. In particular, the Bank of China (Shenzhen) granted a credit facility of RMB300 million in early 2022, which fully affirmed the development potential of the Group's chip business and helped the Group deploy in the trillion-level chip industry market.

Looking forward, the rapid development of 5G and the explosive growth of AIoT applications will drive the continued increase in demand for chips, which will enable the Group's chip business to continue to grow rapidly. The chip business is expected to continue to be the core driver of the Group's growth. The Group will also continue to strive towards high-quality development, capture opportunities arising from the domestic 5G process and policy dividends, and actively explore the growth potential of the chip market. Through continuous improvement of the Group's business and services, and the use of the dual-platform development model, the Group is committed to creating a closed loop of "Chips-Devices-Cloud" ecosystem along the AIoT value chain and covering the entire 5G industry chain, which will promote the rapid growth of our business, as well as bring greater value returns to shareholders."

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 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 (stock code: 400.HK), a technology services company serving the global chip industry and artificial intelligence and Internet of Things ("AIoT") ecosystem, 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 Singapore, Israel, and Japan. The Group is comprised of two companies operating a dual-platform model: Comtech, a technology services platform for the chip industry, and IngDan, a platform providing AIoT technology and services. Together, the two platforms form a closed loop of "Chips-Devices-Cloud" ecosystem along the AIoT value chain. For further information, please visit www.cogobuygroup.com

 

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SOURCE Cogobuy

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