UCLOUDLINK(US:UCL) Globenewswireยท2025-10-17 11:37Core Viewpoint - UCLOUDLINK GROUP INC. is establishing a new operational structure to develop its pet-tech business, aiming to create a global platform for pet-related services and connectivity [1][2][3] Group 1: New Operational Structure - The board of directors has approved a plan to operate the pet-tech business under a new Cayman Islands-based holding company [1] - This new company will be supported by local operating subsidiaries to establish a global foundation for the pet-tech business [1][2] Group 2: AI-Powered Smart Wearable Ecosystem - The new company will focus on building an AI-powered smart wearable ecosystem for pets [2] - An online interactive platform will be developed to connect pets, their owners, fans, and communities in real time globally [2] Group 3: Capital Raising and Expansion - The capital-intensive nature of developing the new global pet online platform necessitates raising additional capital and attracting new investors [2] - This strategy aims to accelerate global expansion and drive user base growth [2] Group 4: Vision and Future Potential - The CEO of UCLOUDLINK emphasized that this initiative represents a significant step towards a digitally integrated future for pets and their owners [3] - The company aims to bridge the digital divide between people and their pets, creating a new era of pet-care with real-time interconnectedness [3] - The initiative is expected to unlock the full potential of the pet-tech business, generating lasting value for shareholders [3]