Summary by Futu AI
ZX Inc. announced the establishment of a wholly-owned subsidiary, Far Future Limited, in Hong Kong to expand its business in the field of AI, and invest HKD 100 million as operation capital. The subsidiary will focus on the application development of AI technology in the gaming industry, including art production, creative copywriting, video generation, and optimize gaming operation and promotion through AI algorithms and generative AI technology. In addition, Far Future will also acquire or invest in overseas internet projects. Earlier, the group used AI for accurate game marketing and believed that failing to keep up with the AI industry transformation would put them at a disadvantage in the market competition. The establishment of Far Future will help the group's development in the global market and enhance its market visibility. As of the announcement date, Far Future has not yet conducted any business or generated revenue. The board of directors urges shareholders and potential investors to act cautiously.