YOUZAN Issues Statement Clarifying Misinterpretations in GEO Report: No Connection Between the Two Companies

Stock News09:40

YOUZAN (08083) has officially released a statement noting that certain media reports yesterday incorrectly linked the "GEO company" mentioned during the 315 Gala with "Nanjing Xiaoliebian Network Technology Co., Ltd.", a company in which YOUZAN has invested. Following verification by the company, the GEO-related products referenced during the 315 Gala were neither developed nor operated by "Xiaoliebian". Some reports may have drawn an erroneous connection between the two unrelated companies without sufficient verification of information. YOUZAN stated that its investment in Nanjing Xiaoliebian Network Technology Co., Ltd. in 2021 was primarily based on the latter's capability in developing plugin tools within the enterprise WeChat ecosystem, with the aim of enhancing business synergy. This investment has no association whatsoever with GEO-related businesses in terms of equity, operations, or technology. The company has always been strongly opposed to malicious GEO practices. Its related service, "Add Me Recommendation Official", is positioned to "help merchants optimize product presentation, enabling AI to accurately understand merchant products". All activities are based on authentic brand and product information, with no false packaging or dissemination, and certainly no distribution of harmful content. Currently, market feedback for this service is positive, with brand clients generally understanding and appreciating the approach. The company maintains good communication with model manufacturers and adheres to operating in the most compliant manner, ensuring its services are welcomed by platforms.

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