Shantung-W (00020.HK) established the smart technology company "Shanghai Bizhi Smart Technology Co., Ltd." in Shanghai today (7th), with a registered capital of 1 million RMB and the legal representative being Zhao Feng. The company is wholly owned by Shantung Technology's Shanghai Shantung Digital Technology Co., Ltd., focusing on artificial intelligence basics and application software development, as well as computer software and hardware wholesale business.

Shantung Technology has recently focused on developing artificial intelligence business in Shanghai, including launching a smart public space management platform and signing a cooperation framework agreement with the Education Bureau of Huangpu District, Shanghai, to help Shanghai build a smart city model.