Xiao-i Wins Frost & Sullivan's China New Economy Award

Recognition of the company's contribution to developing the AI industry

SHANGHAI,Aug.10,2018 --Shanghai Xiaoi Robot Technology Co. Ltd ("Xiao-i"),a leading developer of artificial intelligence technology and industry application platforms in China,was recognized by Frost & Sullivan,a leading global research and consulting company,for its contribution to developing the artificial intelligence (AI) industry by winning the China New Economy Award. The award was presented to Xiao-i at Frost & Sullivan's China New Economy Summit which was held in Shanghai.

The 2018 China New Economy Award is presented to outstanding enterprises that demonstrate significant innovation as well as making continuous reform and progress. It also recognizes outstanding achievements and exemplary conduct in the industry.

Max Yuan,Co-Founder and Chairman,Xiao-i said,"We are very proud to receive this accolade which rewards our strategy of applying AI across a range of industries to grow the technology,so businesses and consumers can realize its full potential. Xiao-i's AI application solutions span across a wide range of sectors such as customer service,finance,city administration,healthcare,robots and hardware,and we are looking to expandourbusiness to provide services to organizations around the world."

About Xiao-i

Xiao-i develops world-class AI technologies and applications that revolutionize business operations and provide meaningful progress to people's lives. Since establishment in 2001,Xiao-i has become an industry pioneer,integrating its AI applications across multiple sectors. Over 1,000 businesses and government organizations in China have used Xiao-i applications to improve their operations and deliver greater value to more than 800 million users. Xiao-i has become a leader in the business-to-business space and is extending this success into consumer applications and solutions. Xiao-i's major investors include Alibaba Group,China Everbright,BlueFocus,Haiyin Capital and Huatai Securities.