NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company whose technologies have been applied to the human resources, insurance and wealth management industry verticals, announced that it has reached a strategic partnership agreement with Bank of Ningbo, one of the leading financial institutions in China, to develop AI solutions to enhance its wealth management bu ...

Company Overview - Lucas GC Limited is an AI technology-driven Platform-as-a-Service (PaaS) company focusing on human capital management services [3][6] - The company is recognized as the largest AI technology-driven online agent-centric human capital management service provider in China based on the number of active users as of June 30, 2022 [6] Recent Achievements - Lucas GC Limited won The 2024 Cberi Prize for The Most Valuable Brand for Investment during the Asian Brand Economy Conference (ABEC) [3][4] - The award highlights the company's strong foundation in AI technology and its potential for forming beneficial partnerships in Asia [5] Market Position and Strategy - Lucas leverages its unique patented AI technology and has 638,000 active users to disrupt the human resources market [4] - The company aims to expand its footprint outside China, initially targeting emerging Asian countries [5] - Lucas provides a platform that supports trusted private social networks of professionals, offering services such as recruitment, outsourcing, IT services, and training [6] Conference Insights - The Asian Brand Economy Conference (ABEC) is a significant marketing event in Asia, focusing on brand building, digital marketing, and sustainable development [1] - The theme for the 2024 ABEC was "Innovation, Digital Integration, and Sustainable Development," reflecting current trends in the market [1]

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company currently focusing on offering human capital management services, announced today that it won The 2024 Cberi Prize in The Most Valuable Brand for Investment during the Asian Brand Economy Conference (ABEC). The award was given during the Asian Brand Economy Conference (ABEC), one of the most influential mark ...

Company Overview - Lucas GC Limited is an AI technology-driven Platform-as-a-Service (PaaS) company focusing on human capital management services [4] - It is the largest AI technology-driven online agent-centric human capital management service provider in China, based on the number of active users and total net revenues as of June 30, 2022, and December 31, 2021, respectively [4] - The company utilizes artificial intelligence, data analytics, and blockchain technologies to digitalize and intellectualize the human capital management process [4] Services Offered - Lucas provides a platform that supports trusted private social networks of professionals, offering services such as recruitment, outsourcing, information technology, and training [4] - The primary users of the platform are professionals in human resources-related functions, while corporate customers include companies with needs in recruitment, training, sales lead generation, and outsourcing [4] Upcoming Events - Lucas will participate in a webcasted presentation and host one-on-one meetings with investors at the Lytham Partners Spring 2024 Investor Conference on May 30, 2024 [1] - The webcasted presentation is scheduled for 9:30 a.m. ET and will be accessible via the conference home page or directly through a provided link [2] - Management will be available for virtual one-on-one meetings throughout the event, with arrangements possible through Lytham Partners [3]

Investment activities in the PRC by foreign investors are principally governed by the Guidance Catalogue of Industries for Foreign Investment, or the Negative List, promulgated and as amended from time to time by the Ministry of Commerce of the PRC, or MOFCOM, and NDRC. The NDRC and the MOFCOM promulgated the 2021 Negative List on December 27, 2021, which took effect on January 1, 2022 and uniformly set forth the ownership requirements, requirements for senior executives, and other special administrative me ...

In addition to financial results reported in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we have provided the following non-GAAP financial measure in this release and the accompanying tables: adjusted EBITDA. We use this non-GAAP financial measures internally to facilitate period-to-period comparisons and analysis of our operating performance and liquidity, and believe it is useful to investors as a supplement to GAAP measures in analyzing, trending and ...

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ:LGCL) ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company currently focusing on offering human capital management services, today announced its financial results for fiscal year of 2023. Full Year 2023 Financial Highlights Revenues of RMB1,474 million (US$208 million), representing a 92.3% increase versus 2022.Gross margin of 28.4%, representing a 32bps increase ve ...

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ:LGCL) ("Lucas" or the "Company"), an artificial intelligence (the "AI") technology-driven Platform-as-a-Service (the "PaaS") company currently focusing on offering human capital management services, announced that it will report financial results for the fiscal year ended December 31, 2023, later today, Monday, April 29, 2024, after the market closes. The Company has scheduled a conference call on the same day, Monday, April 29, 2024, at  ...

NEW YORK, March 7, 2024 /PRNewswire/ -- Lucas GC Limited (NASDAQ: LGCL) (the "Company" or "Lucas"), an artificial intelligence (AI) technology-driven online agent-centric human capital management service provider focused initially on targeting professionals based on Platform-as-a-Service, or PaaS, in the human resources industry, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for t ...