Wangsu Technology announced that the company plans to make an equity investment in Sand.ai, and plans to invest 300 million yuan of its own capital to subscribe for additional A+ preferred shares issued by Sandai Cayman. After the investment is completed, it will hold 4.3963% of Sandai Cayman's shares. As a transitional arrangement, the company initially provided 300 million yuan of convertible bonds to Shanghai Sanduo Technology and obtained an A+ round share warrant. Sand.ai was founded in January 2024 and is mainly engaged in the development of visual content generation models and application products based on video models.

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