Intelligent Agricultural Applications

The Group owns 25.04% equity interest in an agricultural IoT and software company in China, namely West China Electronic Business Co., Ltd., which is mainly engaged in agricultural e-commerce, research and development of agricultural (IoT) products and software products. This agricultural IoT and software company is committed to becoming a smart agricultural application solution provider and has received government support funds of more than RMB 16.8 million to conduct agricultural R&D projects.