[Kunlun Wanwei: holding subsidiary intends to issue shares to acquire all shares of Singularity AI] Kunlun Wanwei announced that the company's holding subsidiary intends to issue shares to acquire all shares of Singularity AI Technology Limited ("Singularity AI"). After negotiation between the two sides of the transaction, the entire equity of SingularityAI is valued at US $160 million in this transaction, and the shareholders of SingularityAI or its designated related parties will receive 25% of StarGroup after this transaction. Singularity AI is committed to the implementation of general artificial intelligence and currently focuses on the research and development of large-scale natural language pre-training models and developer API. The main products and services include general developer API, chat robot and knowledge extraction.