Qingdao AInnovation Technology Group Co,. Ltd.（AInnovation, Stock code 2121.HK）was founded in February 2018, with the mission to “Empower Businesses with AI Technology”. AInnovation is a rapidly growing "AI+ manufacturing" solution provider in China. It is committed to delivering AI-related products and business solutions leveraging the cutting-edge AI technology, including AI platforms, algorithms, software, and AI-empowered devices, to improve operational efficiency and businesses value for customers, and achieve digital transformation.

AInnovation Group has been recognized as National Specialized and Innovative LITTLE GIANT, and its 6 subsidiaries have been recognized as Specialized and Innovative companies of provincial/municipal level. AInnovation is devoted to multiple industries including Iron and Steel Metallurgy, OLED Panel Semiconductors Manufacturing, 3C High-Tech, Engineering and Construction, Automotive Equipment, Energy and Power, Food & Beverage and New Material, Intelligent Manufacturing Practical Training and Financial Services, exploring the practical application AI technology. Since its inception, AInnovation has experienced rapid growth and shaped a national layout with Qingdao as the headquarter, 12 regional subsidiaries, and several holding subsidiaries, including CISAI Tech., AInnovation ALP, RewinCloud, AInnoHigher and AInnovation Anlian, etc.

Some of the international AI challenges our team has won are set forth below:

• Multiple Object Tracking (MOT) Challenge 2020 for the multiple object detection task under MOT17Det dataset;
• PASCAL Visual Object Classes 2019, the world's authoritative public evaluation datasets for object detection;
• Cityscapes 2019, the world's authoritative public evaluation datasets for instance segmentation;
• MIT Scene Parsing Benchmark 2020, the world's most authoritative and representative scene parsing evaluation sets;
• GOT-10K 2020, the world's authoritative evaluation datasets for generic object tracking.

In addition, we were also given some of the recognitions in the industry during the Track Record Period and as of the Latest Practicable Date, including:

• Gartner 2022 “Market Guide for AI Software, China”；
• Gartner 2021 Cool Vendor in AI for Computer Vision;
• Gartner 2021 H2 Example Vendor for Global Machine Vision;
• Leaders quadrant in Industrial Data Intelligence Companies in China 2022 (IDC);
• Machine learning platform developer with the 4th largest market share in China 2022 H1 (IDC);
• Computer vision application solution and product provider with the 4th largest market share in China 2022H1 (IDC);
• AI-powered industry quality control solution and product provider with the second largest market share in China 2021 (IDC);
• Forrester Midsize AI System Enterprises in China 2022;
• Forrester Largesize Machine Learning Enterprise in China 2022;
• MIT Technology Review 50 Smartest Companies 2020;
• FT Most Innovative Companies in China 2020;
• CB Insights AI 100 2020, a list of the 100 most promising AI startups across the globe;
• Harvard Business Review Ram Charan Management Practice Awards 2019;
• Fast Company 50 Most Innovative Companies in China 2020.

AInnovation Group and its 6 subsidiaries have been recognized as Specialized and Innovative companies of national/provincial/municipal level：

• AInnovation Group：National Specialized and Innovative LITTLE GIANT；
• AInnovation ALP：2022 Specialized and Innovative Company of Qingdao；
• CISAI Tech.：2022 Specialized and Innovative Company of Chongqing；
• AInnovation Nanjing: 2022 Specialized and Innovative Company of Jiangsu Province, 2022 Specialized and Innovative Company of Nanjing；
• AInnovation Higher：2019 Specialized and Innovative Company of Shanghai；
• AInnovation Eye：2022 Specialized and Innovative Company of Shenzhen；
• AInnovation Qingdao：2023 Specialized and Innovative Company of Qingdao.