wimi hologram cloud limited
Mr. Yi Chengwei, CEO of VIYI Technology, commented: "This is an exciting opportunity for our team to more aggressively unlock value for WiMi by accelerating our development and by more effectively leveraging our existing AI and cloud computing assets and IP, as we move beyond the terminal + cloud model. At the same time, the Company will continue to invest in core technologies in the fields of intelligent analysis and processing of large-scale heterogeneous data, as it works to further improve the value and efficiency of its customers' data. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward−looking statements. BEIJING, Oct. 19, 2020 /PRNewswire/ -- WiMi Hologram Cloud, Inc. ("WiMi" or the "Company") (NASDAQ: WIMI) today announced the establishment of a new subsidiary. Having a company laser focused on one set of objectives will give us a considerable advantage as we work to capture a greater share of the rapidly growing AI and cloud computing markets, which will in turn, create added value for our customers, WiMi and our shareholders.". Learn more about our use of cookies: cookie policy. About WIMI Hologram Cloud Inc.WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. 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. Safe Harbor / Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. WiMi Hologram Cloud Inc. provides augmented reality (AR) based holographic services and products in China. VIYI will be led by Mr. Yi Chengwei, who has been appointed as the CEO of VIYI and previously served as the CTO of WiMi. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws. At the same time, the Company will continue to invest in core technologies in the fields of intelligent analysis and processing of large-scale heterogeneous data, as it works to further improve the value and efficiency of its customers’ data.

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