On November 15, Gelonghui reported that Yuntian Lifa (688343.SH) stated on the investor interaction platform that the company has completed the delivery of 51% equity in Qiancheng Technology as per the equity acquisition agreement. For more details, please refer to the announcement titled 'Announcement on Acquiring Equity in Shenzhen Qiancheng Technology Co., Ltd. and Developing New Business' disclosed by the company on March 23, 2024. The acquisition of Qiancheng Technology is an important move to lay out edge AI in wearable devices. By empowering Qiancheng Technology's existing business with Yuntian's large model and visual semantic algorithms, the company aims to enhance product added value and leverage Qiancheng Technology to explore consumer-grade AI products, thereby launching its own brand. This acquisition and the subsequent business synergy are expected to continuously enrich the company's AI application scenarios, enhance corporate competitiveness, and improve product profitability.