Core Viewpoint - The company held an online investor reception day to discuss business development and AI applications, emphasizing its strategic direction and operational improvements [1][6]. Group 1: Investor Relations Activity - The investor relations activity was categorized as an online collective reception day [2]. - The event took place on September 19, 2025, from 15:30 to 17:00 [3]. - The meeting was conducted via the Panoramic Network's "Investor Relations Interactive Platform" [4]. Group 2: Company Operations and Strategy - The company discussed its local life service live streaming, highlighting its competitive advantages compared to platforms like Douyin and Meituan, stating it operates within the local life industry without direct competition [6]. - The operational status of the Hangzhou flagship project, "Yaowang X27 PARK," is reported as good, with plans for a light asset operation model to expand the X27 series nationwide [6]. - The company is focusing on its self-developed AI product "V5chat," which is expected to be fully implemented in Q3 2025, currently in the tuning phase [6]. - The company is undergoing strategic adjustments to improve profitability, including increasing investment in profitable projects and restructuring innovative incubation projects [6][7]. Group 3: Financial and Market Performance - The company reported a significant increase in overseas business, with a notable sales figure of $2.74 million from a live streaming event in North America in July 2025 [6]. - The company is adjusting its fundraising plans, terminating two projects due to changes in technical development needs and business focus, reallocating remaining funds to support working capital [7]. - The company expressed confidence in its long-term development and efforts to improve operational performance [7].