Acme International Holdings Limited announced that Group has established Genesis Greenpower (Beijing) Technology Limited as one of subsidiaries of the Group, which focuses on the development and application of AI technology in the new energy power sector. The scope of business of Genesis Greenpower includes, but is not limited to, (i) new energy power forecasting, which involves building of AI algorithms and models based on power market trading data and weather data to uncover relationships among data variables and achieve precise predictions of trading boundaries and electricity prices, and (ii) large language models for the new energy power industry, which involves development of the first large language models for the new energy power industry by inputting knowledge of the new energy power industry into the big data models on the basis of the pre-training and fine-tuning model technologies. By leveraging AI technologies such as machine learning, deep learning, and big data models, Genesis Greenpower enhances energy use efficiency.

Based on multidimensional data worldwide and the upstream and downstream structure of the new energy industry, it achieves precise predictions of the consumption and prices of renewable energies like solar and wind power, as well as conventional energy sources, and provides personalised energy solutions for customers. The Company is committed to becoming a leading AI-powered high-tech company in the global new energy power sector and improving the living environment for the mankind. The Company believes that this represents a crucial cornerstone for the Group to further expand and diversify its new energy business operations.

Developing advanced AI technology will allow the Group to establish competitive barriers and to steer the new energy industry in the right direction, and is in the interests of the Company and its Shareholders as a whole.