Cogobuy (400 HK) Assists The Greater Bay Chip Industry Forum to Support Chips and IoT Industry Development

HONG KONG, July 12, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a platform providing artificial intelligence and internet of things ("AIoT") business solutions in China, is pleased to announce The Greater Bay Chip Industry Forum ("Forum") and China IC Innovation and Entrepreneurship Competition 2019 Qualification ("Qualification") have been successfully held in Pingshan, the core area of chip development in Shenzhen.

The Forum is hosted by Ministry of Industry and Information Technology Talent Exchange Center, with Shenzhen Pingshan Technology and Innovation Bureau and Cogobuy as supervisors, INGDAN.com as organizer. The Qualification orientates itself towards topics about the opportunities and challenges brought by AI chips, market dynamics, development trend of IP of the semiconductor industry in the globe etc., inviting scholars, experts, entrepreneurs, corporate managements and investors from AI and IoT industry to share their advanced views on semiconductor, IC, IoT and related application industry and serve as judges of the Qualification. Invited guests include Lin Enxue, Director of Education and Training Ministry, Ministry of Industry and Information Technology Talent Exchange Center; Dr. Nie Zedong, Shenzhen Institutes of Advanced Technology, Chinese Academy of Sciences; Chang Junfeng, Secretary of Shenzhen Semiconductor Industry Association; Wilson Chong, Chairman of IOT HK Association; Peter Lemmens, Director of imec Innovation Services & General Manager of IMEC Taiwan Ltd.; Adeli Wang, Deep Learning System Engineer of Intel, Liu Ruoshui, Partner of Extreme Vision and Li Feng, Senior Vice-President of Cogobuy Group and President of IngDan etc.

The Forum organizes a round table discussion with the theme "Chip Development Opportunity in China", with Wang Xianhang, Vice-President of Cogobuy Group; Guan Hua, Vice-President of Huaying Investment; Wu Zelin, Founder of Zhitongcaijing; Xing Jianping, Committee of Innovative Education Supervising Committee of Education Bureau and Zhang Zhilong, Sales Director of Unisound joining in the discussion.

As a national competition focusing on IC preliminary project in China, China IC Innovation and Entrepreneurship Competition Qualification successfully attracts 10 chip entrepreneurs from all over China. The Qualification is classified into corporate and tertiary level, judging on five aspects including teamwork, technology level, feasibility, market prospect and effectiveness and investment value of the teams. The teams are required to cope with problems about chip technology R&D and practical application scenario and are marked by judges according to their performance. At the end of the Qualification, Hengtong Wanda (Shenzhen) Technology Ltd. won highest score in corporate level with its project "New generation of built-in variable frequency control system industrialization (Reduce consumption 20% and enhance 100%)". Hohai University won the highest score with its project "Chip fingerprint hardware security identification technology".

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Cogobuy is dedicated to motivating development of China chip industry. The Company and INGDAN, AIoT Business Service Platform of the Company, bridge the core technology of top 500 in the world and capacity of China and share resources through our online and offline model, serving innovative entrepreneurs in China and the world. In the future, the Company will continue to pay attention and support related core chip and IoT application, including the development of AI and 5G communication."

About China IC Innovation and Entrepreneurship Competition

China IC Innovation and Entrepreneurship Competition is a national competition focusing on IC preliminary project in China hosted by Ministry of Industry and Information Technology Talent Exchange Center. Shenzhen, acting as the core of The Greater Bay featured competition, radiates semiconductor industry hubs of Hong Kong, Macau, Taiwan and the Pearl River Delta, digs deep into excellent semiconductor projects, supports and cultivate the growth of entrepreneurs and teams in order to strengthen the talent pool of the Pearl River Delta, realizing the advantage in industry and academic resources, building a industry-academy- research platform and speed up conversion of technological achievement into social capacity.

About Cogobuy Group

Cogobuy Group is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi'an, as well as overseas branches in Singapore, Israel, and Japan. The Group is comprised of Cogobuy.com, an IC Components Direct Sales Platform, and INGDAN.com, the leading AIoT Business Service Platform. Cogobuy's AIoT ecosystem connects cloud computing and AI core technologies with the Group's expertise in edge computing, machine learning, and deep customization. With its ecosystem, the Group aims to provide AIoT solutions to vertical industries such as smart cars, smart homes, robotics, and customized AIoT chips. For further information, please refer to the Company's website at http://www.cogobuy.com/

For investor and media enquiries

Please contact Ms. Wanyee Ho / Ms. Amy Guo at [email protected].

SOURCE Cogobuy Group

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