---
title: "BINGO GROUP plans to invest in Hangzhou Jiyi Artificial Intelligence Technology to explore generative artificial intelligence technology and related fields"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241054374.md"
description: "BINGO GROUP announced plans to invest RMB 7 million (approximately HKD 7.49 million) in Hangzhou Jiyi Artificial Intelligence Technology to explore generative artificial intelligence technology and related fields. The investment agreement was signed by Huichi (Shanghai) Investment Consulting Co., Ltd. with Kaixing Network and management shareholders. The board believes that this investment will help diversify the business, enhance the diversity of film and television products, and align with the overall interests of the company and its shareholders"
datetime: "2025-05-20T13:20:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241054374.md)
  - [en](https://longbridge.com/en/news/241054374.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241054374.md)
---

# BINGO GROUP plans to invest in Hangzhou Jiyi Artificial Intelligence Technology to explore generative artificial intelligence technology and related fields

According to the announcement from BINGO GROUP (08220), on May 20, 2025, the investor Hui Chi (Shanghai) Investment Consulting Co., Ltd. (a company established in China and an indirect wholly-owned subsidiary of the company) entered into an investment agreement with KaiXing Network, management shareholders, and the target company Hangzhou JiYi Artificial Intelligence Technology, whereby the investor conditionally agreed to inject RMB 7 million (approximately HKD 7.49 million) into the target company. Upon completion, the target company will be owned by KaiXing Network, management shareholders, the investor, and other shareholders with respective equity interests of 43%, 25%, 12%, and 20%. After making all reasonable inquiries, the directors are fully aware and confident that as of the date of this announcement, these parties are independent third parties from the company and its related persons.

As the group is primarily engaged in cinema investment and management, film production, licensing and derivative rights, cross-market promotion, and providing interactive content services, the directors believe that the group can explore diversification and expand its services and products to achieve feasible and sustainable development.

The board of directors believes that the investment will enable the group to leverage the experience and resources of KaiXing Network to explore generative artificial intelligence technology and related fields. Given that AIGC can enhance the product diversity of the group's film and television main business, the board believes that this exploration aligns with the overall interests of the company and its shareholders

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