ICO Group Plans to Subscribe for $3 Million Preferred Shares in Weitu AI Inc

Deep News

Sep 29

ICO GROUP (01460) announced that on September 26, 2025, the company's indirect wholly-owned subsidiary Yangko Limited intends to subscribe for 34,479 preferred shares in Weitu AI Inc, with a consideration of $3 million USD.

Upon completion of the subscription, the company plans to implement a comprehensive program to integrate the issuer's artificial intelligence capabilities into its business operations, particularly in (a) information technology applications and solutions development services; and (b) information technology infrastructure solutions services. The directors believe that once the subscription is executed, the issuer's mature artificial intelligence technology and innovative business model will bring synergistic benefits to the group's business operations. With the issuer's technology, new artificial intelligence service platforms can be developed for clients, providing highly efficient services.

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