[glory sets up a new integrated circuit design company in Shanghai Free Trade Zone] May 31, Shanghai Glory Wisdom Technology Development Co., Ltd. was registered. The company is 100% controlled by Glory Terminal Co., Ltd., with a registered capital of 100 million yuan. The registered address is located in China (Shanghai) Free Trade pilot Zone. Business scope includes: integrated circuit chip design and services, integrated circuit chip and product sales, artificial intelligence theory and algorithm software development, artificial intelligence application software development and so on.