HONG KONG SAR - Media OutReach Newswire - 31 October 2024 - International Genius Company ("IGC", stock code: 0033.HK) is pleased to release its annual report for the year ended 30 June 2024 (the "Year under Review"). During the Year under Review, IGC has been continuously promoting strategic transformation through two engines: "technology driven + innovative cooperation model". IGC aims to become an artificial intelligence trading technology solution provider and has achieved remarkable milestones and progresses. During the Year under Review, IGC combined advanced technology with market insights to redefine financial asset trading through artificial intelligence. IGC has enhanced its capabilities in artificial intelligence trading technology research and development ("R&D") and product development operations by successful strategic acquisition of Deep Neural Computing Company Limited ("DNCC") and hire of top-tier technology R&D experts and international financial trading talents. With innovative cooperation models, IGC has joined hands with well-known financial institutions, accelerating the large-scale commercialization of artificial intelligence-driven trading technology. Furthermore, IGC actively promotes sustainable development by optimizing corporate governance structures and actively participating in charity, achieving an upgrade in ESG ratings. Strategic Transformation Driven by Successful Strategic Acquisition On 22 March 2024, IGC completed the acquisition of DNCC, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. DNCC boasts a team of experts with years of experience in AI research development. It is an approved manager in the British Virgin Islands, which allows it to act as manager or advisor to investment funds, offering a range of services including technical support through cutting-edge technology, distributed neural network algorithms, and robust risk control modules. This acquisition has strengthened IGC's capabilities in investment management, especially in the fields of artificial intelligence-driven investment strategies and quantitative trading. With the completion of the acquisition of DNCC, IGC has successfully expanded its tech-driven investment management business, building an advanced, mature artificial intelligence trading technology system with neural networks and distributed computing as its core, and continuously exploring this market. So far, IGC has developed trading algorithms based on machine learning and deep learning, capable of offering clients customized, one-stop, scalable artificial intelligence trading technology solutions and has successfully commercialized them in currency and other international financial transactions, forming a strong competitive advantage in the global market. The global AI-driven asset management industry is growing rapidly. The global algorithmic trading market is expected to reach US$42.99 billion by 2030, with a compound annual growth rate of 12.2%. Riding on the trend, with advanced artificial intelligence trading solutions, IGC will embrace a light future with high growth potential. Top Talent Joins to Improve Innovation Capability During the Year under Review, IGC has successfully invited top talents to join, with aim to enhance its capabilities in artificial intelligence R&D and international financial trading market. The experts bring strong momentum for IGC's continuous technological innovation. Dr. He Xiaobin, a renowned economist, serves as Executive Director & Chief Economist of IGC. With over 30 years of working experience in futures investment and corporate compliance, Dr. He has extensive financial knowledge and management experience. Before joining IGC, Dr. He served as the Director of the Futures Supervision Division of the Shanghai Securities Regulatory Bureau of the China Securities Regulatory Commission (中國證監會上海證監局期貨監管處處長), and the Deputy Director of the Resource and Energy Division of the Shanghai Municipal Planning Committee (上海市計劃委員會物資能源處副處長). Dr. He also served as the Chairman of Guotai Junan Futures (國泰君安期貨), the Secretary to the Board of Directors of Guotai Junan Securities (國泰君安證券), the President of Guotai Junan Asset Management (國泰君安資產管理公司), the Chief Economist of Huaxin Securities (華鑫證券) and the Chairman of Huaxin Futures (華鑫期貨), Director of the China Chief Economist Forum...