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XChange TEC.INC Announces Proposed U.S. AI Business Expansion and Reduction of Mainland China Operations

  • XChange TEC.INC announced a strategic initiative to expand its artificial intelligence business in the United States while gradually reducing operations in mainland China.
  • The Board of Directors approved the shift to allocate capital to high-growth sectors, aiming to maximize shareholder value in response to evolving market dynamics.
  • The Company plans to invest between $5 million & $10 million in the U.S. market over the next several months to support AI expansion.
  • Planned U.S. investments will focus on AI technology development, talent acquisition, strategic partnerships, & establishing operational infrastructure.
  • The Company intends to maintain transparent communication with stakeholders while executing an orderly transition of its mainland China business in compliance with regulatory requirements.
  • XChange TEC.INC currently operates PRC-licensed insurance agency & insurance technology businesses, including SaaS platforms & underwriting support in the PRC.
  • The Company is evaluating both organic development & strategic acquisition opportunities for its U.S. AI expansion.