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SHANGHAI, June 2, 2023 /PRNewswire/ -- MultiMetaVerse Holdings Limited ("MMV" or the "Company"), an animation and entertainment company for young consumers in China, announced today that it has entered into a non-binding term sheet (the "Term Sheet") with Dongzheng Ruibo (Shanghai) Investment Center (Limited Partnership) and Orient TM Ruibo Limited (each a "Seller", and collectively, the "Sellers"). The Term Sheet updates certain terms regarding the proposed acquisition (the "Proposed Transaction") of equity stake in Taomee group (the "Target Group") by the Company and/or is affiliates, following the Company's earlier announcement, dated January 12, 2023, of its entering of the letter of intent with Orient TM Ruibo Limited. Yiran Xu, Chairman and CEO of MMV, stated "This is a remarkable milestone in the Proposed Transaction, and we are excited that we are moving forward with the Sellers to negotiate a share purchase agreement in the next step. We are conducting due diligence on the Target Group with the full support of Sellers and management of the Target Group. Currently we are actively working with parties in the negotiation of a share purchase agreement, and we expect to complete the Proposed Transaction in the second half of the year. We believe that the Proposed Transaction will expand our IP brand portfolio, improve our earning base and bring good value to shareholders of the Company." Founded in 2007, Taomee Holdings Limited is one of China's leading entertainment and media companies for younger generations, with well-received original brands including "Mole's World," "Seer" and "Flower Angel." The Target Group provides a variety of content and entertainment experiences through the internet via web games, mobile games and online broadcasted animations, as well as through traditional channels, including animated box office films, TV series, books, and consumer products, most notably toys and trading cards. Taomee Holdings Limited, parent company of the Target Group, was listed on the New York Stock Exchange in 2011 as a leading entertainment and media company for younger generations in China. In 2016, it was taken private by Orient TM Ruibo Limited and certain management. About MultiMetaVerse Holdings Limited MultiMetaVerse Holdings Limited (NASDAQ: MMV) is an animation and entertainment company dedicated to providing a high-quality, immersive entertainment experience through original, user-generated, and professional user-generated content. MMV commenced animation production in 2015 under its signature Aotu World brand, which has attracted a broad following with its inspiring storyline and unique graphic style, particularly among younger audiences in China. By leveraging the company's established user base, MMV has built a diverse product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games across the Aotu World brand. It has also developed and augmented new brands, stories, and characters, such as Neko Album. For more information, please visit https://www.multi-metaverse.com/. For investor and media inquiries, please contact: MultiMetaVerse Holdings Limited Investor RelationsE-mail: ir@multi-metaverse.com Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company's future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company's inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's Annual Report on Form 20-F and other documents filed or to be filed by the Company with the SEC from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
CANGZHOU, China, June 2, 2023 /PRNewswire/ -- The 6th (Cangzhou) Garden Exposition of Hebei Province kicked off on May 26 in Cangzhou, China's northern city that thrives on canal. A total 19 activities in five categories, including academic exchanges, gardening, skill competitions and cultural exhibitions will be presented until the end of August, according to Cangzhou municipal government. Garden Expo in Cangzhou, N. China Hebei Province With the theme of "Thousand Miles of Thoroughfare, Grand Beauty of the Grand Canal", the Exposition aims to showcase Cangzhou's Grand Canal culture, display garden art and promote ecological civilization in an all-round way from site selection, planning, construction and various cultural activities planning. The Beijing-Hangzhou Grand Canal, a world cultural heritage, runs through the Exposition Park from north to south. Cangzhou has elaborately built a Grand Canal scenic belt --- a city exhibition park and a specialized plant exhibition on both banks. Last year, the Cangzhou section of the Beijing-Hangzhou Grand Canal navigated afresh, which connected this cultural beauty with the Exposition Park, providing an all-factor tourism for visitors. In recent years, while building the Exposition Park along the Grand Canal, Cangzhou recreated the historic buildings Nanchuan and Langyin on both sides. The China Grand Canal Intangible Cultural Heritage Exhibition Hall is the most prominent exhibition place along the Grand Canal. The Hall displays the unique and diverse folk arts of Cangzhou, allowing visitors to fully experience the charm of the Grand Canal while appreciating modern garden art. The natural ecological scenery, the intangible cultural heritage is organically integrated with the Exposition Park's courtyard architecture and landscape, and has become a dazzling pearl on the 216-kilometre Grand Canal scenic belt in the central area of Cangzhou. This year's Garden Art Exhibition and Urban Planning and Design Competition will take place at Cangzhou Dahua Industrial Heritage Cultural Zone. Adjacent to the Garden Expo Park, the Zone is a virtual node for this year's Garden Exposition as well, which was originally one of the 13 chemical fertilizer plants built in the early 1970s. It is reported that since 2017, Hebei Province's provincial garden fairs and the five Garden Expositions have expanded the green park space by 13,050 mu (about 2150 acres) for the host cities. Cangzhou is a city that thrives on canal. Stretching more than 200 kilometers, the water course of the Grand Canal is well preserved, and there are numerous historical relics along the canal.
BEIJING, June 2, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of a face recognition algorithm system based on convolutional neural networks. It uses the gray value features of face pixels to extract all feature information in the image with its powerful learning capability, thus avoiding information loss. The system uses a combination of three methods, namely local perceptual field, weight sharing, and pooling, to improve the algorithm's performance and reduce the order of magnitude of the weight parameters, reducing the complexity of training the convolutional neural network model. The system uses multiple convolutional and pooling layers to extract and reduce the dimensionality of the input image to obtain a high-dimensional feature representation of the image. For face images, the convolutional neural network can learn the features such as contour, texture, and color of the face, thus improving the accuracy and efficiency of face recognition. WiMi's face recognition algorithm system automatically learns the high-level features of the image, improving the accuracy and robustness of face recognition. Its training is performed end-to-end, from the original image to extract features gradually and finally outputting classification results. This training method can automatically learn the relationship between features and perturb and transform the training data by data augmentation, thus increasing the diversity and amount of data, improving the robustness of the face algorithm, and applying it to face recognition tasks of different scales and complexity. In addition, the system uses hardware acceleration such as GPU to achieve high recognition speed and meet the recognition real-time requirements. Face recognition technology is an advanced recognition technology with unique nature and prominent position in biometric technology, which can play an efficient role in more and more fields. Compared with other recognition methods, the face recognition method is relatively friendly, and recognition is fast and accurate, and with the continuous development of computer technology, face recognition technology is also becoming more and more mature. In face recognition technology, the accuracy of recognition is one of the core measures, and the complexity of the shooting environment, such as changes in facial expression, posture, and visibility, makes face recognition technology encounter various challenges in the practical application process. The convolutional neural network-based face recognition algorithm has become one of the most effective face recognition technologies and is widely used in medical, retail, financial, and other industries. It is foreseeable that WiMi's face recognition algorithm should have a vast market prospect and huge development potential in the future. About WIMI Hologram Cloud WIMI Hologram Cloud, Inc. (NASDAQ: WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Safe Harbor Statements This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.
MIKOŁÓW, Poland, June 2, 2023 /PRNewswire/ -- Renowned artist Mariusz Waras, known as M-CITY, has set an unprecedented benchmark by unveiling his globally acclaimed art collection, "DICTADOR M-CITY GOLDEN CITIES," estimated to be worth an astounding one billion dollars. The vibrant city-state of Singapore, famous for its thriving art scene and cosmopolitan allure, serves as the perfect backdrop for the premiere of this worldwide Dictador Art Distilled expedition. This is not the first time M-City's work can be seen in Singapore. In 2018, he participated in the Art from the Streets exhibition at the ArtScience Museum with Banksy, Faile and D*Face. The "DICTADOR M-CITY GOLDEN CITIES" collection is testament to his mastery, featuring inspiring works that blend urban elements, architectural intricacies, and a touch of golden opulence. Notably, the exhibition includes two paintings created specifically for Singapore, one that was completed live during the opening. This showcase, born from the longstanding collaboration between M-CITY and Dictador, will captivate art enthusiasts globally, with Paris being the next destination. An exciting highlight is the inclusion of one painting in The Grand Charity Auction, an event hosted by The Omena Art Foundation, adding elements philanthropy and community engagement to the showcase. Dictador, renowned for challenging conventions, elevates its ambition, offering an exclusive experience for elite art connoisseurs. Participants can create personalized blends of aged rum during a visit to Dictador's Cartagena distillery. Each bottle, adorned by M-CITY with a 24-carat gold depiction of a significant city map, redefines exclusivity. The edition will close at a billion dollars and prices for the first few bottles sold start at US$ 1,500,000. Media Pack: https://we.tl/t-LvbnGIYTo8 Dictador is the ultimate Art-House Spirit brand with a dynamic, rebellious mindset. For more than 100 years, Dictador has been creating investment-grade rum in the heart of Cartagena, Colombia. Built on our heritage we have an appreciation of the past but we are driven to positively impact the future. We have a highly innovative, new line of product initiatives under our 'Art Distilled' platform where we collaborate with artists, like: the M-CITY bottle programme that produces the first $1bn collection of leading fine art. We are boldly driving the frontiers of technology with our first AI empowered robot CEO, Mika, who is responsible for data insight, strategic provocation and DAO community liaison. www.dictador.com / @the_dictador
BEIJING, June 2, 2023 /PRNewswire/ -- The city of Sanmenxia in central China's Henan Province has inked 78 projects with a total investment of 92.76 billion yuan (about 13.07 billion U.S. dollars) during the 28th Sanmenxia Yellow River Cultural Tourism Festival. The festival, along with the 9th China Characteristic Commodity Expo Fair, kicked off on May 19 in Sanmenxia. Photo shows the opening ceremony of the 28th Sanmenxia Yellow River Cultural Tourism Festival and the 9th China Characteristic Commodity Expo Fair held in Sanmenxia City, central China's Henan Province, May 19, 2023. Feature activities during the event included sport competitions such as yellow river crossing, stand up paddle, yachting and cycling, local culture performances, forums and conferences on development of local economy and so on. With these themed and side activities, the event has brought out the unique charm of Yellow River culture, showcased a new trend of green lifestyle and ignited another wave of enthusiasm about public fitness, which all led to more in-depth regional cooperation in the Yellow River basin. In addition, this year's event highlighted the city's commitment to promote integrated development of cultural and tourism industries. By encouraging the participation of more local residents, the event not only demonstrated the appeal of a scenic city of mountains and rivers, but represented the pragmatic pursuit for high-quality development of local economies. Adhering to the outline on ecological protection and high-quality development of the Yellow River basin, the city of Sanmenxia has been promoting comprehensive development of culture, tourism, health and other industries in recent years, striving to contribute to the city's modern development. See the original link: https://en.imsilkroad.com/p/334386.html
TOKYO, June 2, 2023 /PRNewswire/ -- KLab Inc., a leader in online mobile games, announced that its head-to-head football simulation game Captain Tsubasa: Dream Team will be celebrating its 6th anniversary since its release on June 13. As a huge thank-you to the community for supporting this game, a 6th Anniversary Campaign will be held from Friday, June 2. See the original press release (https://www.klab.com/en/press/) for more information. Captain Tsubasa: Dream Team will be celebrating its 6th anniversary since its release on June 13. As a huge thank-you to the community for supporting this game, a 6th Anniversary Campaign will be held from Friday, June 2. 6th Anniversary Campaign Overview From Friday, June 2, different campaigns will be held beginning with a Fight, Warriors in Blue: Japan National Team Transfer and a 6th Anniversary: Thank You Gift. The Fight, Warriors in Blue: Japan National Team Transfer will feature new players wearing the official uniforms of Japan's national team that previously appeared in-game. Users can receive up to 30 6th Anniversary: Big Thanks 10-Player Transfer Tickets from the 6th Anniversary: Special Login Bonus. Login multiple times during the event period to enjoy the campaigns. A 6th Anniversary Special PV is now available on the official YouTube channel: https://www.youtube.com/watch?v=4MTlV1bmWd4 Fight, Warriors in Blue: Japan National Team Transfer Event Period: Friday, June 2 16:00 until Friday, June 16 13:59 (UTC+9) In this Transfer, Tsubasa Ozora, Kojiro Hyuga, Hikaru Matsuyama, and Shun Nitta debut as new players wearing 6 official uniforms of Japan's national team (1997, 2006, 2017, 2018, 2020, 2022) that have previously appeared in-game. *There is an SP exchange limit. *The uniforms of each year are worn by all of the players respectively. Overview of Captain Tsubasa: Dream Team Supported OSes: Android™ 4.4+, iOS 11.0+, HarmonyOS 2.0+Genre: Head-to-head football simulation gamePrice: Free-to-play (In-app purchases available)Supported Regions: Global (Excludes Japan and Mainland China)Official Website: https://www.tsubasa-dreamteam.com/enOfficial Twitter Account: @tsubasaDT_enOfficial Facebook Page: https://www.facebook.com/tsubasaDTenOfficial YouTube Channel: https://www.youtube.com/channel/UCTgOPO7kIQ35YzB7SBIQoWQ/Official Discord Channel: https://discord.gg/6tyEs48Copyright: ©Yoichi Takahashi/SHUEISHA ©Yoichi Takahashi/SHUEISHA/TV TOKYO/ENOKIFILM © KLabGames Download here: App Store: https://itunes.apple.com/app/id1293738123 Google Play: https://play.google.com/store/apps/details?id=com.klab.captain283.global AppGallery: https://appgallery.huawei.com/#/app/C105375049
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