On the evening of September 15th, Beijing Watertek Information Technology Co.,Ltd. (300324.SZ) responded on the interactive platform that as of now, Zhejiang Qushu has developed a new product called the "TGU01 chip." Board cards and servers equipped with this chip (named Bumblebee) have been launched for sale and already have order contracts.

Meanwhile, Beijing Watertek Information Technology provided further clarification regarding the company's collaboration with Pingtouge: In 2019, the company's subsidiary Xuanji Xingyuan reached a strategic cooperation consensus with Pingtouge under Alibaba Group. However, due to changes in market conditions and adjustments in both parties' strategic priorities, the cooperation project failed to deepen as expected and has not impacted the company's operational status.