AI X TECH (01490) Proposes Removal of Chinese Company Name

Stock News03-09

AI X TECH (01490) has announced that the Board of Directors of AI X TECH Limited (the "Company") proposes to delete the Chinese dual foreign name "车市科技有限公司". The Company's English name will remain unchanged. The Board believes the proposed removal of the Chinese company name is in the best interests of the Company and its shareholders as a whole, after considering the following factors: 1. Aligning with the Company's strategic transformation to enhance brand synergy: As the Group continues to advance its AI-driven strategic transformation and deepen its global market presence, the Board believes adopting a unified English corporate identity will help establish a clearer and more consistent global brand image. This is expected to increase the Company's brand awareness and synergy, supporting its long-term strategic development and competitive advantage in the global market. 2. Avoiding potential confusion among investors: The Board considers that the inconsistency between the Company's Chinese and English names could lead to potential confusion among international investors, business partners, and other stakeholders, particularly in jurisdictions where English is the primary language of communication. The proposed removal of the Chinese company name will ensure a consistent corporate image and simplify communication with the global investment community.

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