China Chunlai Education chairman donates AI, blockchain tech and profits to group

Hou Chunlai, chairman and founder of China Chunlai Education Group Co., Ltd., has agreed to donate access to AI and blockchain technology developed by his data center in Washington, United States. This donation aims to support the group's advancement in artificial intelligence and blockchain research and education across its schools. The chairman's data center is currently enhancing its AI-enabled computing and data center capabilities, positioning it at the forefront of innovations in these technologies.

The donation will provide the group's schools with free access to the cutting-edge AI and blockchain technology developed by the data center, ensuring they remain at the forefront of technological innovation in education. Furthermore, Hou Chunlai has committed to donating the entirety of the profits generated by the data center directly to China Chunlai Education Group to fuel further technological innovations in education.

The board of directors welcomes this donation, recognizing its strategic importance in integrating the latest AI and blockchain technology into the educational framework. This initiative is expected to enhance the curriculum, better preparing students for future challenges. The company confirmed that this donation does not constitute a notifiable or connected transaction under relevant listing rules.