Jiangsu Horizon Chain Supermarket Company Limited announced plans to use the entire net proceeds of approximately HK$58.65 million from its recent placing of new H shares for a capital injection into Haike Hongxin. The company aims to support its ongoing transformation by investing in advanced technologies such as artificial intelligence. The strategy focuses on integrating technological solutions into its retail business, reshaping key aspects such as people, goods, and venues. The company intends to leverage its existing retail operations as application scenarios for robotic products developed by Haike Hongxin, with the goal of consolidating competitiveness and fostering new growth drivers in response to evolving consumption trends and rising labor costs. The capital injection and related activities are subject to certain conditions and regulatory compliance.