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business developmentMarket performance and capital inflow-authorized by the brand Disney licensor to exclusively sell and promote the "Avatar /Banshee/classic/Deluxe Edition" series products in Chinese mainland. The classic version of Hanwang Go Go Bird Banxi Beast has been pre-sold.

Market performance and capital inflow-Its Hanwang Tiandi model has been applied in many intelligent terminals, which can provide intelligent speech preparation, meeting minutes generation and other functions.-Multi-modal rise in December, led by Hanwang Technology, with a net capital inflow of nearly 1 billion, indicating that institutional investors are optimistic about its prospects.

-In the first three quarters of 2024, the performance improved quarter by quarter, and the growth rate in the third quarter greatly increased to 22.84%. The revenue of AI terminal business increased by 29.32% year-on-year, and the digital painting business increased by over 20%.-As the first masterpiece of Hanwang's entry into the intelligent voice market, it can realize the functions of accurate voice-to-text conversion, synchronization of shooting and recording, intelligent identification of speakers in multi-person scenes, automatic arrangement of speech scripts, and uninterrupted real-time translation for a long time.-Multi-modal rise in December, led by Hanwang Technology, with a net capital inflow of nearly 1 billion, indicating that institutional investors are optimistic about its prospects.