Xiao-i Appoints Franky Chung as Chief Financial Officer

SHANGHAI,Dec. 5,2018 --Shanghai Xiaoi Robot Technology Co. Ltd ("Xiao-i" or the "Company"),a leading developer of artificial intelligence technology and industry application platforms in China,is pleased to announce the appointment of Franky Chung as Chief Financial Officer to lead the Company's strategic financial efforts and support its accelerated growth.

Shanghai Xiaoi Robot Technology Co. Ltd announced the appointment of Franky Chung as Chief Financial Officer.

As Chief Financial Officer,Franky will be responsible for all financial functions of the Company as well as risk management,fund raising,capital market operations and investor relations. He will be a key member of the team in the ongoing business development of Xiao-i in Mainland China,Hong Kong and overseas markets.

Max Yuan,Founder and Chairman of Xiao-i,said,"As we continue to deepen our business in targeted markets,Franky's extensive network and deep understanding of financial and capital markets will add tremendous value in strengthening our financing strategies,helping to support our ongoing growth initiatives in Mainland China,Hong Kong and internationally."

On his appointment,Franky said,"I am delighted to be joining Xiao-i at this exciting time. They have an impressive track-record of serving the rapidly growing demand for artificial intelligence technology and driving revenue for businesses across different sectors. I look forward to leveraging my financial expertise and extensive network in the commercial and public sectors to help Xiao-i's leadership team in future strategic development."

Prior to joining Xiao-i,Franky worked at Hong Kong Exchanges and Clearing Limited (HKEx) for 13 years,where he was most recently Senior Vice President of Issuer Services. He spearheaded the incubation and marketing of IPOs of Mainland Chinese companies in Hong Kong,and was heavily involved in the launch of Shanghai / Shenzhen Stock Connect and revamping of rules for introducing new economies enterprises to HKEx. Before that,he held several positions in Standard Chartered Asia,Deloitte Touche Tohmatsu,and Rabobank's Hong Kong Branch,where he gained solid investment banking experience. Franky was also with InvestHK,a government department of the Hong Kong Special Administrative Region whose mission is to attract and retain foreign direct investment in support of the economic development of the territory.

Mr Chung graduated with a bachelor's degree in Business Administration from The Chinese University of Hong Kong. He also holds the professional qualifications of Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA).

About Xiao-i

Shanghai Xiaoi Robot Technology Co. Ltd ("Xiao-i") develops world-class AI technologies and industry applications that revolutionize business operations and provide meaningful progress to people's lives. Since its establishment in Shanghai in 2001,Xiao-i has become an industry pioneer,integrating its AI applications across multiple sectors. Over 1,000 large 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,Haiyin Capital and other institutional investors.

Official website: http://www.xiaoi.com/

Linkedin page: https://www.linkedin.com/company/xiaoi/

Photo - https://photos.prnasia.com/prnh/20181205/2318047-1