Legend Holding and Zhipu AI are deepening their cooperation in the field of artificial intelligence.

Zhitong App learned that on March 8th, LEGENDHOLDING (referred to as "LEGENDHOLDING") signed a strategic cooperation agreement with Beijing Zhipu Huazhang Technology Co., Ltd. (referred to as "Zhipu AI"). The two parties will deepen their cooperation in the field of generative artificial intelligence software and hardware, intelligent solutions, and actively explore and expand more business cooperation opportunities to achieve complementary advantages and win-win outcomes. Joining Hands with Zhipu AI to Deepen AI Technology Established in 2019, Zhipu AI originated from the technical achievements of the Knowledge Engineering Laboratory of the Computer Science Department of Tsinghua University and is one of the leading AI large model manufacturers in China. Zhipu AI's independent research and development advantages, support and adaptability for domestic chips, and commercial performance are outstanding. They collaborated to develop the billion-scale bilingual pre-training model GLM-130B and launched the dialogue model ChatGLM based on this, as well as the open-source single-card model ChatGLM-6B. They also created the AIGC model and product matrix, including the AI efficiency assistant Zhipu Qingyan, the high-efficiency code model CodeGeeX, the multimodal understanding model CogVLM, and the document-image model CogView. Zhipu AI is also one of the first eight companies to pass the national large model record filing and provide public services. LEGENDHOLDING has always been guided by "technological innovation" as its strategic direction, with AI being one of the closely watched areas in its industrial layout. Since 2000, LEGENDHOLDING has been investing in AI through its funds, starting with iFlytek, and after many years of cultivation, it has invested in over 200 AI innovative enterprises, covering the entire chain of the artificial intelligence industry. According to the strategic cooperation agreement, LEGENDHOLDING and Zhipu AI will continue to carry out product/service research and development and optimization upgrades in areas such as AI PC business, AI servers, self-owned general large models, and intelligent solutions based on their accumulated business experience and competitive advantages in their respective fields. They will also collaborate on the research and development of vertical large models in intelligent manufacturing, financial technology, digital marketing, and biotechnology. This strategic cooperation will drive LEGENDHOLDING and its business sectors to better and more rapidly apply AI large model technology, generate more "chemical reactions," accelerate transformation and innovation, enhance the intelligence level and competitiveness of related products and services. It will support Zhipu AI's leading technology in artificial intelligence large models to promote the development of the real economy, facilitate the practical application and innovative expansion in more industries and commercial scenarios. At the same time, it will also benefit both companies in actively exploring and promoting the "digital reality integration" process in more industries. Focusing on Technological Innovation and Aligning with National Strategies Looking back at its development history, LEGENDHOLDING has always closely followed national strategies, supported independent innovation and industrial optimization and upgrading, promoted the development of specialized and innovative enterprises, facilitated national scientific and technological innovation, and continuously explored new growth opportunities for the company. The government work report this year emphasized the importance of fully leveraging innovation to drive industrial advancement through technological innovation, accelerating the pace of new industrialization, enhancing overall productivity, continuously shaping new development momentum and advantages, and promoting a new leap in social productivity. This includes expediting the development of cutting-edge emerging industries such as hydrogen energy, new materials, and innovative drugs; deepening research and application of big data, artificial intelligence, and launching the "AI +" initiative. New materials and artificial intelligence are the long-term focus areas for LEGENDHOLDING. LEGENDHOLDING's AI innovation layout spans across industrial operations, industrial incubation, and investment, making it one of the few companies in China with a full-stack layout of AI from the "basic layer - technology layer - model layer - platform layer - application layer." Particularly, Lenovo Group has fully transitioned its three major businesses to AI, leading the industry by launching AI PC products ahead of others, which have been well-received in the market, and introducing AI products across all its businesses. According to IDC data, the demand for AI PCs is expected to explode by 2024, with an estimated penetration rate of 81% by 2027. The significant demand generated by AI presents vast opportunities for growth. Under LEGENDHOLDING, Lianhongxin adheres to a development philosophy of green, low-carbon, shared, and high-quality, focusing on innovation-driven development and accelerating independent research and development in new energy materials, biological materials, and electronic materials. With the gradual commissioning of key projects such as biodegradable materials, electronic special gases, and integrated capacity expansion, Lianhongxin will continue to provide strong growth momentum for LEGENDHOLDING in the coming years. While market fluctuations may impact short-term performance, in the long run, LEGENDHOLDING closely aligns with national strategic industries, emphasizing investment and reserves in technological innovation projects, laying a solid foundation for continuously enhancing performance and unlocking value in the future.