On October 23, Argo Holdings (03313.HK) announced that the group plans to develop and expand its operation in the field of ai and related technologies, in response to the increasingly strong awareness and emphasis on artificial intelligence. In addition to its existing main business, the group will also redefine its market positioning to better align with this new focus.

To promote the development of new business activities, the company plans to establish a wholly-owned subsidiary named Mingyue Technology Co., Ltd., dedicated to enhancing operations in this field. Additionally, the group will consider providing financial support for the development of new business activities through internal resources.

Considering the advantages in ai and related fields, the board of directors believes that the new business activities will bring significant benefits to the group's business operations and align with the long-term interests of the company and shareholders.