Shanghai Stonehill TechnologyCo., Ltd.

Shanghai Stonehill Technology Co., Ltd. is a technology company listed on the Shenzhen Stock Exchange, primarily focused on artificial intelligence and internet information services. Founded in 2005, the company operates with the mission of creating a smarter and more harmonious world through innovative technology. It has developed a comprehensive portfolio in the artificial intelligence sector, including intelligent assisted driving, brain-computer interfaces, and brain-inspired intelligence, alongside its established internet services. The company's main business lines include its internet information service platform, 2345.com, which serves as a significant online entry point for millions of users, and its artificial intelligence initiatives, particularly through its subsidiary Nullmax. Nullmax specializes in all-scenario assisted driving applications and has developed advanced technology solutions for both urban and highway driving. Additionally, the INSIDE Institute focuses on brain-computer interface technologies and applications, aiming to commercialize research in brain science and artificial intelligence. With a strong emphasis on self-developed technologies and a talented workforce, Shanghai Stonehill Technology is positioned to leverage synergies across its various business segments to enhance its competitive advantage in the market.

1. Synergies in AI Field Layout The company's layout in AIGC large models, brain-computer interface and brain-inspired intelligence, and intelligent assisted driving can achieve effective complementarity and interaction among different business segments through data sharing and knowledge integration, algorithm innovation and technology integration, and complementary application scenarios. This can promote the company's development and innovation in the field of artificial intelligence. In the future, by integrating professional knowledge and technologies from different fields, the company can gain a unique competitive advantage and facilitate the creation of advanced artificial intelligence technology products and services. In the future, Nullmax has launched the NI technology, which will explore the integration of the Yan architecture multimodal large model to create all-scenario assisted driving applications and expand into embodied intelligence. Meanwhile, the Internet business will actively attempt to apply the Yan architecture large model to various AI tool products. 2. Self-developed Core Technologies Each business segment of the company has its own independently developed key technologies and intellectual property rights, ensuring the uniqueness of its products and reducing the risk of dependence on external technologies. 3. Advantage of High-end Talents In the field of intelligent assisted driving, Dr. Lei Xu, the founder of Nullmax, has worked at Qualcomm and Tesla in the United States and has over 10 years of experience in computer vision and machine learning research and development. In the field of brain-computer interfaces and brain-inspired intelligence, Dr. Meng Li leads research efforts with a background as a postdoctoral researcher at Harvard University and a researcher at prestigious institutions such as Max Planck Society in Germany and Shanghai Institute of Microsystem and Information Technology of the Chinese Academy of Sciences.In the AIGC field, Liu Fanping, the CEO of Rockchip Digital Intelligence, is an expert in the Shanghai Science and Technology Expert Database and has published several monographs in the field of artificial intelligence technology. 4. Abundant Own Funds and Investment Experience As of September 30, 2025, the company's total assets were 10,730,532,703.72 yuan, and its total liabilities were 356,569,250.03 yuan, with a debt-to-asset ratio of only 3.32%. The company has substantial own funds and smooth financing channels, providing strong support for business expansion, technology research and development, and marketing activities. Good cash flow management and a low debt ratio help the company withstand market fluctuations and achieve sustainable and stable development. The company has a professional investment team with in-depth business knowledge and rich project investment experience. The company will continue to leverage its abundant capital advantage to make financial product investments and equity investments under the premise of effectively controlling risks, laying a solid foundation for long-term sustainable development. 5. Leading "Internet Access Platform" and Rich Application Scenarios in China The company's core product, "2345 Website Navigation", has been in operation for 20 years since its establishment in 2005, providing users with a safe and green internet access and search engine entry point. It has accumulated a large number of internet users and enjoys obvious market first-mover and brand advantages. The company has formed a relatively complete diversified and multi-level product system with rich application scenarios, which not only meets the differentiated needs of users but also fully leverages the complementary advantages of each product, enhancing the company's core competitiveness. 6. High-quality Customer Resources Nullmax has established in-depth cooperation with many domestic and international automotive manufacturers, chip manufacturers, and first-tier suppliers for the mass production of assisted driving, and has obtained multiple mass production projects for passenger vehicles. The INSIDE Institute collaborates closely with well-known domestic hospitals and other institutions within brain intelligence research. The Internet technology company is a partner of Huawei's HarmonyOS ecosystem, and both sides will conduct in-depth cooperation in technological innovation and other fields. The Internet technology company has maintained long-term and stable cooperation with leading Internet companies, such as Baidu, Alibaba, Tencent, JD.com, and ByteDance, etc. Rock Core Digital Intelligence is currently collaborating with well-known PC, mobile phone, robot, and chip upstream and downstream manufacturers to actively explore mass production projects. In the PC sector, it has already cooperated with a leading overseas brand to customize an AIPC and has signed a framework agreement for the mass production of this product.