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Utilizing biometric data from real-world people to create high-quality virtual humans that can be provided for diverse services HONG KONG, March 4, 2025 /PRNewswire/ -- Digital Domain Content (Hong Kong) Limited ("Digital Domain"), a wholly-owned subsidiary of Digital Domain Holdings Limited (stock code: 547), and TOPPAN Holdings Inc. ("TOPPAN Holdings") have jointly announced the launch of a comprehensive collaboration this month. This follows the signing of a Memorandum of Understanding (MOU) to work together in the field of virtual humans, utilizing high-resolution data gathered from biometric scanning of real individuals. The collaboration aims to create innovative solutions by integrating virtual humans developed from this high-precision biometric data into Digital Domain's Momentum Cloud™.1 The biometric data is captured on a Light Stage2 at TOPPAN Holdings' VIRTUAL HUMAN LAB™.3 Alleviating Labor Shortages and Accelerating Virtual Human Applications Development Industries worldwide are facing labor shortages. According to a report by the McKinsey Global Institute, labor markets in advanced economies are among the tightest in two decades. Aging workforces have made this challenge a long-term trend, pushing companies and economies to explore new ways to expand labor capacity and boost productivity. Among the promising solutions is the development of AI technologies. Technologies and applications related to virtual humans are evolving rapidly due to advancements in three-dimensional computer graphics and artificial intelligence. Virtual human technologies unrestricted by time or location, can flexibly meet the needs of global markets and are expected to be utilized in a range of fields, from entertainment to hospitality, retail, education, and healthcare, to enhance service experiences through creating innovative applications. Photorealistic virtual humans featured in corporate advertising and video content have garnered growing attention in recent years, and they are now being deployed for functions such as reception desks and facility guidance. TOPPAN Holdings has been producing high-quality virtual humans based on biometric data captured on its Light Stage since 2020. The virtual humans created function as user interfaces for various services. Digital Domain, with over 30 years of experience in visual effects, AI virtual humans, and visualization, continues to develop cloud-based virtual human solutions through advanced production and cloud technologies. By combining TOPPAN Holdings' Light Stage scanning technologies and Digital Domain's virtual human technologies, the collaboration aims to offer high-quality virtual human solutions to meet market demand and help alleviate labor shortages. Mr. Hiroshi Asada, head of TOPPAN Holdings' Business Innovation Center, stated, "TOPPAN has been promoting business development in the frontier field of virtual humans by using a Light Stage, a piece of cutting-edge human scanning technology. Digital Domain has a long track record of experience in the film industry for light stage production and also has a market-ready solution for the industry called Momentum Cloud™, so we expect significant synergy from this collaboration. We look forward to accelerating the market development of virtual humans and creating various use cases for each industry." Creating an Efficient Production Flow to Meet Market Demands TOPPAN Holdings will conduct face scanning on a Light Stage, evaluate quality, develop business models for customized virtual humans, and provide original virtual human characters, while Digital Domain will import the high-resolution data obtained from the Light Stage into its Momentum Cloud™ platform to create and operate photorealistic virtual humans. The collaboration will establish a high-quality, efficient production flow for virtual humans based on establishing production methods by utilizing AI and high-resolution data from face scanning on the Light Stage, enabling photorealistic virtual humans created from real-world people to be operated on Momentum Cloud™. This will reduce the lead time and cost for producing virtual humans, enabling a prompt and efficient response to requests for original character production. Mr. William Wong, CEO of Digital Domain, stated, "Digital Domain is dedicated to developing AI-driven virtual human technologies, implementing applications, and creating sustainable business models for the future. As the significance of virtual humans increases across various industries, the pace of application development will also quicken. The virtual human solutions created in collaboration with TOPPAN Holdings will utilize both companies' technological strengths to enhance virtual humans' quality, performance, and effectiveness. These solutions will effectively meet market demands and create diverse application scenarios, opening up new opportunities for innovative business models." The collaboration aims to establish a production flow for virtual humans, which will help expand TOPPAN Holdings' lineup of original virtual character offerings. This initiative will also provide solutions for casting these virtual humans for various services in the global market, utilizing Digital Domain's Momentum Cloud™. By advancing pilot testing and business development that leverage the strengths of both companies, Digital Domain and TOPPAN Holdings aspire to create a virtual human solution business by the end of fiscal 2025. 1 Momentum Cloud™ is a server-based software platform for controlling virtual humans that can be used in the B2B2C space. 2 A Light Stage is a piece of equipment for high-precision face scanning developed by the University of Southern California. 3 The VIRTUAL HUMAN LAB™ was opened in December 2020 as a facility for advancing research and application development related to the use of face scanning and various other human biometric data. About Digital Domain Digital Domain is a pioneer in the virtualization of sensory experiences. After more than 3 decades of evolution, Digital Domain has transformed from a Hollywood company to achieve global expansion in fields such as VFX, AI virtual humans, and visualization. Digital Domain's pursuit of creativity and advanced technologies has allowed the company to achieve unmatched refinement of its creative process as evidenced in the production of several hundred films and TV series as well as thousands of commercials, game graphics, and both experimental and immersive experiences. Digital Domain's most outstanding achievements include: academy awards for "Best Visual Effects" in the films Titanic, What Dreams May Come, The Curious Case of Benjamin Button, blockbuster classics such as The Avengers series, and the 4th season of the popular word-of-mouth hit show Stranger Things. As the first VFX studio that has achieved success in Greater China, Digital Domain entered the realm of virtual reality in 2016. By applying techniques such as fully integrating the base technology of AI and virtual reality, Digital Domain has constructed fully real-time photo-realistic digital characters capable of emotional expressivity. The extension of this technology outside of the silver screen provides a new medium for human-machine and human-human interactions in virtual scenarios. Digital Domain is listed on the Hong Kong Stock Exchange (Stock code: 547) and is headquartered in Hong Kong and maintains operations in multiple cities including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Hyderabad, and more. For more information, visit the official website – www.digitaldomain.com. About the TOPPAN Group Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group's global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. https://www.holdings.toppan.com/en/ https://www.linkedin.com/company/toppan/
80% of Respondents Report Insufficient Digitalisation; Progress Stalled by Technology Knowledge and Funding Gaps HONG KONG, March 4, 2025 /PRNewswire/ -- Hong Kong Broadband Network Group ("HKBN") has collaborated with The Social Investment Consultancy (TSIC) to conduct an in-depth survey on the digital transformation journey of ten large social profit organisations ("SPOs"). The survey aimed to identify the current state of digital adoption among SPOs, key challenges, and future needs. This initiative underscores HKBN's commitment to empowering the Hong Kong social welfare sector through technology – to enhance operational efficiency, elevate service quality, and remain resilient and responsive in an increasingly digital world. The survey found that 80% of the SPOs rated their digitalisation at only 60% or below, indicating slow progress in digital transformation. A significant concern is the severe imbalance in IT support, with an average ratio of nearly one IT personnel for every 200 general staff. Furthermore, 60% of the SPOs cited insufficient technological skills among general staff, highlighting a critical shortage of IT talent and challenges in driving digital transformation. Another major barrier to digital transformation is insufficient funding, with 80% of the SPOs reporting a lack of additional financial resources for digital initiatives. On the other hand, SPOs are eager to digitise administrative processes – such as financial workflows, approvals, and report preparation – to enhance efficiency and attract younger talent. Additionally, SPOs highlighted the need for upgrades to accounting and human resource management systems, including real-time dashboards, analytics, system integration, and e-rostering. Sally Pang, Assistant Director of Hong Kong Christian Family Service Centre, stated, "SPOs need to manage vast amounts of data on members, volunteers, and event participants, as well as metrics such as service utilisation and event participation rates. Many SPOs aspire to leverage digital technology to optimise resource allocation, reduce administrative costs, and redirect their focus toward serving target audiences. Given that most donations are restricted for specific purposes, we urge the Government or charitable funds to provide more resources and support to help us keep pace with the business sector and achieve digital transformation." Jackal Chau, Senior Vice President – Solutions and Service Delivery, HKBN Enterprise Solutions, said, "HKBN Enterprise Solutions is dedicated to supporting SPOs to achieve comprehensive digital transformation through our enterprise resources and technological capabilities. We recognise that SPOs face challenges with staffing and resource constraints, which is why we recommend a phased approach to digitalisation. A practical starting point is financial systems, as most organisational data is ultimately tied to finance. Additionally, in this era of rapid development in artificial intelligence (AI), HKBN can provide a range of best-fit solutions to make AI accessible and affordable for the social welfare sector. By integrating these technologies into their operations, SPOs can significantly enhance efficiency, and streamline data management, allowing them to focus on expanding and improving their services for the communities." To promote digital inclusivity, HKBN established the HKBN SPO IT Club in 2023, offering voluntary services such as cybersecurity and IT training. Interested SPOs can email esg@hkbn.com.hk to register for free consultation services and trial digital solutions. SPOs can also conduct a free online assessment to evaluate their digital readiness at https://bit.ly/hkbnes-digital-transformation. About HKBN Ltd. HKBN Ltd. (SEHK Stock Code: 1310, together with its subsidiaries, "HKBN") is an investment holding company headquartered in Hong Kong, with operations in Hong Kong, Macau and mainland China. As a leading integrated telecommunications and technology services provider, HKBN offers a comprehensive range of one-stop, high-quality information and communication technology (ICT) solutions, and an unlimited services portfolio. HKBN's extensive tri-carrier fibre infrastructure covers around 2.6 million residential homes and 8,200 commercial buildings and facilities across Hong Kong. Committed to creating a lasting positive impact wherever it operates, HKBN received the highest rating of AAA in the MSCI ESG Ratings in 2024. For more information about HKBN, please visit https://www.hkbn.net/group/en.
BARCELONA, Spain, March 4, 2025 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has unveiled its expanded AI smartphone lineup under its "AI for All" product strategy. This includes the revolutionary true full-screen flagship smartphone nubia Z70 Ultra, the gaming-centric nubia Neo 3 series embracing the "Born to Win" concept, the photography-centric nubia Focus 2 series. The lineup also features more innovative devices that cater to gaming, photography, fashion and music enthusiasts. Additionally, ZTE showcased a lineup of World No.1 FWA & MBB solutions powered by AI, 5G-Advanced and Wi-Fi 7, demonstrating its global leadership with the No.1 market share for four consecutive years, according to the latest TSR report. ZTE accelerates AI transformation with Google A Bold Vision for "AI for All" through Strategic Global Partnerships ZTE is committed to creating a Full-Scenario Intelligent Ecosystem with AI-driven multi-modal interactions and a full range of AI devices, connecting person, vehicle, and home ecosystems to ensure that every consumer can benefit from the efficiency, emotional resonance, and enhanced functional values brought by AI. In the AI era, smartphones are evolving into a comprehensive intelligent platform that seamlessly integrates connectivity, interaction, services, and entertainment. "In cooperation with our global partners, we are committed to integrating world-leading AI capabilities under our AI OS framework," said Ni Fei, SVP of ZTE, President of ZTE Mobile Devices. "By seamlessly connecting multi-modal architectures with advanced AI LLMs, we are transforming how users interact with smartphones. In overseas market, ZTE accelerates AI transformation with Google. All new nubia products will integrate Gemini, Google's most capable AI model, combined with Google Cloud's scalable, secure, and high-performance infrastructure." A special addition to ZTE's AI ecosystem is its first-ever AI earphones nubia LiveFlip, designed for tasks like Knowledge Q&A, AI Travel & Ticket Booking, Real-Time AI Translate and more. Beyond functional enhancements, it offers companionship and emotional resonance through voice chat centered on AI smartphones, which makes AI smartphones that listen, understand, and care for users. nubia Takes the World by Storm with a Focus on Gaming and Photography Since expanding globally in 2024, ZTE has witnessed the overseas smartphone shipment surge by over 60%, marking notable market share gains across key regions such as Latin America, Southeast Asia, Africa, and Europe. nubia is accelerating its global expansion with AI-driven devices offerings, especially fueled by its gaming-centric and photography-centric product portfolio, as well as elevated product tiers, expansive sales channels, enriched ecosystem, and strengthened localized marketing efforts. All of this is happening while fostering the "Be yourself" brand mindset. nubia is now present in more than 30 countries and regions. The nubia Neo series, developed with esports enthusiasts in mind, is designed to deliver exceptional gaming experiences for everyone, powered by cutting-edge AI features like AI Companion Demi, AI Performance Engine NeoTurbo, new AI Game Space, AI Translate and AI Photography. It also boasts comprehensive hardware upgrades, such as unique dual gaming shoulder triggers, a 6000mAh large battery, and a dynamic esports design. Embracing the mission to empower gamers with the motto "Born to Win", the nubia Neo 3 series perfectly suited for the new generation of self-fulfillment. nubia Z70 Ultra redefines smartphone photography with its revolutionary 1.5K true full-screen display and AI-driven photography enhancements. Featuring Neovision AI Photography system, this flagship offers unparalleled imaging performance for professional and casual photographers alike. Powered by Snapdragon® 8 Elite Mobile Platform, a 6150mAh battery, and IP68/IP69 dustproof and waterproof ratings, it ensures an extraordinary user experience. nubia Neo 3 GT 5G starts at €299, while nubia Neo 3 5G is priced from €249. ZTE also introduces nubia Flip 2 5G, priced from €699, featuring a more durable hinge, a larger 3-inch external display, improved imaging capabilities, and extraordinary AI features such as AI Calling Translate, AI Conversation Translate, AI Wallpaper Generator, and the upcoming AI Pets. Product prices may vary based on specifications and regional markets. These products will be available worldwide, catering to the diverse needs of global consumers. For more information, please visit ZTE booth (3F30, Hall 3, Fira Gran Via) or explore: https://www.zte.com.cn/global/about/exhibition/mwc25.html MEDIA INQUIRIES: ZTE CorporationCommunicationsEmail: ZTE.press.release@zte.com.cn
BARCELONA, Spain, March 4, 2025 /PRNewswire/ -- TCL, a pioneer in display across feature-rich smartphones, tablets, and connected devices, has showcased its commitment to user-centric innovation by unveiling a comprehensive range of products at MWC 2025. Among the key highlights are the expansion of the TCL 60 Series and the detailed specifications of the TCL NXTPAPER 11 Plus as well as the introduction of advanced 5G connectivity solutions, augmented reality and projector technology. By integrating cutting-edge technology with sustainability, TCL continues to redefine user interaction and connectivity, striving to deliver a seamless and integrated digital experience that inspires greatness and aligns with evolving consumer expectations. TCL 60 Series: Delivers Enhanced Eye Comfort and Connectivity The TCL 60 Series is designed to meet the demands of modern users with various lifestyles and preferences, focusing on eye comfort, connectivity, and productivity. Following the launch of TCL 60 XE NXTPAPER 5G at CES 2025 destined to the North American market, the series introduces six new smartphones, including the TCL 60 SE NXTPAPER 5G and TCL 60 NXTPAPER. These models feature the innovative NXTPAPER technology, which maximizes eye comfort by employing hardware-level blue light filtering and anti-glare capabilities, making them ideal for prolonged viewing without causing eye strain. The TCL 60 SE NXTPAPER 5G is designed to transform the mobile reading experience and includes features such as AI-driven tools for productivity and content creation. Additionally, the TCL 60R 5G and TCL 60 5G as well as the TCL 60 SE and TCL 605, are each designed to support different user requirements with high-performance capabilities and long battery life. These models demonstrate TCL's dedication to innovation and providing high-quality, durable devices that cater to diverse consumer preferences. TCL NXTPAPER 11 Plus: Revolutionizing Digital Reading and Writing Experience Building on its innovative product lineup, TCL introduced the NXTPAPER 11 Plus, marking its entry into the AI-integrated tablet market. Equipped with TCL's cutting-edge NXTPAPER 4.0 technology and upgraded NXTPAPER Key, the tablet is designed to transform how users interact with digital content. The NXTPAPER 11 Plus introduces advanced Smart Eye Comfort Mode and Personalized Eye Comfort Mode, designed to optimize visual comfort and reduce eye strain through innovative display settings that adapt to various scenarios and individual viewing preferences. This tablet not only enhances clarity and color but also personalizes the viewing experience, making digital interaction more comfortable. The TCL NXTPAPER 11 Plus enhances user interactivity with advanced input options. The device supports stylus input directly in any text field, offering a more intuitive and natural writing experience. This feature allows for direct hand-writing entry in any text fields, such as search boxes and chat interfaces, providing a convenient and efficient alternative to switching between stylus input and keyboard typing. Alongside these features, the TCL NXTPAPER 11 Plus is equipped with AI-driven productivity tools that enhance communication and content creation. Designed for both professional and personal use, the TCL NXTPAPER 11 Plus combines high performance with elegant design. It features a high-resolution 11.5-inch 2.2K display paired with a super-fast 120Hz refresh rate for crystal-clear and smooth visuals, all within a lightweight, 490g portable frame. This blend of advanced technology and user-centric design establishes a new standard for modern tablets, redefining expectations in the digital landscape. LINKPORT IK511 and LINKHUB HH516: Leading the Way with 5G RedCap Technology and AI-Enhanced Broadband Solutions TCL continues to spearhead advancements in 5G broadband technology by leveraging the 5G RedCap technology and pioneering AI-driven solutions: the TCL LINKPORT IK511 5G RedCap USB Dongle and the TCL LINKHUB HH516 5G AI CPE router. The LINKPORT IK511, North America's only commercially available 5G RedCap device, leads the way in the 5G NR RedCap R17 standard. IK511 delivers speeds up to 220Mbps, weighs only 28.7g, offers plug-and-play ease, and can be compatible with across operating systems, which is ideal for both consumer and industrial M2M applications. Moreover, it incorporates cutting-edge features like 5G network slicing and Ultra-Reliable Low-Latency Communication (URLLC), making it a pivotal player in cost-effective 5G connectivity and suitable for critical applications like emergency response, industrial AR and more. TCL LINKHUB 5G HH516 combines advanced hardware with AI technology to significantly optimize network performance. The HH516 features end-to-end AI QoS, boosting throughput for critical applications by over 20% and cutting latency in low-latency scenarios by more than 10%. Its innovative AI ECO mode intelligently adjusts power settings based on usage patterns, reducing power consumption by over 10% compared with ECO mode. TCL plans to expand these AI innovations across a broader spectrum of products, with the goal of building a robust portfolio of intelligent broadband solutions. Our forthcoming Wi-Fi 7 Entry 5G CPE, the TCL LINKHUB HH516L, scheduled for launch in the second half of 2025, will introduce AI capabilities even to entry-level 5G CPEs. Furthermore, our Fiber Home Gateway series will also incorporate AI enhancements in the future, forming a comprehensive suite of AI-powered broadband solutions. This will allow AI to benefit more people and places, inspiring smarter connections. RayNeo: Innovating Augmented Reality Experiences Continuing its streak of technological advancements, TCL RayNeo unveiled the latest in augmented reality with the introduction of the RayNeo Air 3s AR glasses. These glasses feature advanced display technology and eye care features and are distinguished by the world's first dual opposing acoustic chamber design, setting a new standard for portable AR experiences. Additionally, RayNeo highlighted two flagship devices: the X3 Pro, equipped with the world's smallest light engine for a lightweight, AI-enhanced design, and the V3, featuring a 12MP Sony sensor coupled with a real-time AI assistant. These innovations provide users with unparalleled clarity and seamless interaction. PlayCube: Unmatched Portability and Performance in Projector Technology The introduction of the PlayCube marks another significant innovation by TCL, blending practicality with advanced technology in a new projector model. Its unique Magic Cube Design enhances portability and functionality, allowing for easy adjustment of viewing angles and blending seamlessly with any decor. The TCL PlayCube is equipped with a 2.5-hour built-in battery, ideal for both indoor and outdoor entertainment, offering unparalleled flexibility. It features real-time calibration for focus adjustments and keystone correction, ensuring effortless setup and user-friendly operation. Running on Google TV and certified by Google, Netflix, and Prime Video, the PlayCube provides access to extensive streaming resources for a superior viewing experience. This integration of advanced features signifies a major advancement in making sophisticated technology accessible for everyday use. TCL Mobile co-developed NXTPAPER display with TCL CSOT, a global leader in display technology. By consistently setting new benchmarks in the mobile industry, TCL not only enhances user interactions but also ensures that its products are accessible, powerful, and tailored to meet the diverse needs of its global consumer base. Reinforcing its dedication to human-centered innovation, TCL is committed to integrating the latest technological advancements to enrich daily life. This commitment empowers TCL to deliver smarter, seamless, and more cohesive digital experiences that not only redefine connectivity but also significantly enhance user engagement and satisfaction worldwide. About TCL Mobile TCL Mobile specializes in the research, development and manufacturing of smartphones, tablets and connected devices. On a mission to deliver 5G for all, TCL Mobile helps its customers 'Inspire Greatness' in their lives through industry leading technology and solutions. For more information on TCL mobile devices, please visit: https://www.tcl.com/global/en/mobile About TCL TCL Electronics specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, smart home products and appliances. Combining thoughtful design and innovative technology to inspire greatness, our lineup delivers must-have features and meaningful experiences. As one of the world's largest consumer electronics brands, our vertically integrated supply chain, and state-of-the-art display panel factory help TCL deliver innovation for all. For more information, please visit: https://www.tcl.com TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.
BARCELONA, Spain, March 4, 2025 /PRNewswire/ -- At MWC 2025 Barcelona, Dr. Peter Zhou, President of Huawei Data Storage Product Line, delivered a keynote speech on AI-Ready Data Storage Accelerates Telco-to-Techco Transformation. The speech, delivered at the product and solution launch event. Peter Zhou, President of Huawei Data Storage Product Line, delivered a keynote speech Dr. Peter Zhou believes the AI-powered transformation of various industries is creating a golden era for data. Global carriers are continuously exploring business value by capitalizing on and monetizing application scenarios, such as smart home and digital factories. And that means higher demands on data storage, service capabilities, and business models. To address these challenges, "Huawei Data Storage provides the AI-Ready data lake solution, diverse data storage services, and the FlashEver business model, empowering carriers to turn their disordered data into high-quality assets to unlock the value of data," as Dr. Peter Zhou said. The AI-Ready data lake breaks data silos, making data visible, manageable, and available For mission-critical production workloads, Huawei launches the New-Gen OceanStor Dorado Converged All-Flash Storage and OceanStor A Series High-Performance AI Storage. These solutions boast 100 million–level IOPS, financial-grade reliability, and efficient AI training and inference, supporting tens of billions of daily charging services and robust mobile financial services. Further, the enhanced object storage enables seamless integration of carrier services with cloud-native and AI applications. For mass data, the Huawei New-Gen OceanStor Pacific All-Flash Scale-Out Storage provides industry-high density and low power consumption. The storage provides exabyte-level scalability to handle cost pressure from emerging services like live streams and XR games. Another new offering is the New-Gen OceanProtect All-Flash Backup Storage for data protection. The storage offers five times faster data recovery than industry alternatives, accommodating service needs such as emergency drills and AI application development to protect the value of every bit. Diverse data storage services are fueling carrier AI evolution Carriers face several challenges in adopting AI, including weak data engineering, inadequate efficient AI model development platforms, long data preparation times, slow model training, and complex AI application development. The Huawei DCS AI Solution provides a one-stop AI full-process toolchain and containerized environment, accelerating fine-tuning and large-scale deployment of AI models. FlashEver business model maximizes carrier investment Changes in services and technologies are placing greater investment demands on carriers. Dr. Peter Zhou shared FlashEver, the business model that protects investments, providing an evolutionary, flexible architecture to enable seamless upgrades for live-network equipment. Also, Huawei storage platform services offer flexible purchase options, SLA assurance, and diverse storage and data services, ensuring high-quality customer experiences. Dr. Peter Zhou reaffirmed Huawei's commitment to continuous innovation, specifically building the AI-ready data storage foundation and future-proof storage power to fuel the AI adoption across the carrier industry.
BEIJING, March 4, 2025 /PRNewswire/ -- TCTM Kids IT Education Inc. (NASDAQ: TCTM) ("TCTM" or the "Company"), a leading provider of IT-focused supplementary STEM education services in China, today announced that the board of directors of the Company has approved the re-designation of Mr. Xiaolan Tang as the chief financial officer, and the appointments of Mr. Heng Wang as the chief executive officer and Mr. Robert L. Angell as the chief technology officer of the Company, in each case effective February 28, 2025, as part of the Company's effort to expand into AI driven technology sector. Mr. Heng Wang has served as the senior manager at Charles Schwab Corporation, a company focusing on providing brokerage, banking and financial advisory services, from October 2020 to March 2024. Prior to that, Mr. Wang served as a consultant at TD Ameritrade Inc., a stockbroker, from July 2006 to October 2020. Mr. Wang also served as a board member and chair of the nominating and corporate governance committee at Singularity Future Technology Ltd. (NASDAQ: SGLY), an integrated logistics solutions provider, from November 2021 to September 2023. Mr. Wang has over 30 years of experience in the financial industry, specializing in financial technologies, IT strategy and compliance. Mr. Wang received a bachelor's degree in computer science from Fudan University in 1990 and a master's degree in computer information science from the New Jersey Institute of Technology in 1991. Dr. Robert L. Angell currently serves as an advisory board member at the Brain Injury Research Foundation, a foundation focusing on brain injuries, since August 2021. Since January 2021, Dr. Angell has been serving as the chief executive officer and co-founder of EmbraceNFT.io, a non-fungible token platform. In addition, Dr. Angell is also the principal and founder of Applied Quantum Solutions, LLC and Applied Data Sciences, LLC, both data science companies, since September 2020. Dr. Angell has been an advisory board member at Health Data Scientist Association, an organization focusing on health, medical and nursing care related businesses, since April 2019. Since January 2018, Dr. Angell has been serving as the principal and founder of CoMorbus, a public health provider, and a senior data scientist at Cognitech Corporation, a software developer. Previously, Dr. Angell served as an independent advisory board member at Meta Data Limited and NEO Technology Acquisition Corp. Dr. Angell is an expert in healthcare AI, predictive analytics, temporal medicine, and data science. Dr. Angell received a Bachelor of Science degree in Industrial Engineering and a Ph.D. in Biomedical Informatics from the University of Utah. About TCTM Kids IT Education Inc. TCTM is a leading provider of IT-focused supplementary STEM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, TCTM offers IT-focused supplementary STEM education programs, including computer coding and robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage "code to learn," TCTM embraces the latest trends in STEM education and technology to develop children's logical thinking and learning abilities while allowing them to discover their interests and potential. Safe Harbor Statement This current report contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. 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," "confident" and similar statements. TCTM may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, 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. Any statements that are not historical facts, including any business outlook and statements about TCTM's beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.
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