EZ Robot Deepens Penetration of China's Robotics Market by Deploying Their AI in Food Manufacturing

HONG KONG,Dec.3,2018 --Incubated by Cogobuy Group's (400.HK) INGDAN.com,China's leading AI research and AI hardware development platform for industrial robotics-- EZ Robot Inc. ("EZ Robot" or the "Company"),has successfully deploying their proprietary AI in China's food manufacturing industry by developing and deploying different AI food manufacturing machines for Fujian Anjoy Foods Co. Ltd. (stock code: 603345.SH),one of Mainland China's leading food manufacturers. The AI modules have significantly improved production efficiency,inventory turnover,and equipment utilization.

EZ Robot,was established in early 2015 to provide a one-stop solution to provide proprietary AI modules for AI-enabled robotics projects. The Company has successfully developed the AI modules series products that applied to robot bodies include,sweeping robots,loading and unloading robots,testing robots,and packaging,and they are serving for the PCB assembly equipment (PCBA),food processing equipment,and cleaning service robot industries. In the future,EZ Robot plans to expand into more industries.

In recent years,with strong support from national policies,the robotics industry has become a key force for realizing the integration of artificial intelligence into the economy. The China Robotics Industry Development Report 2018 predicts China's robotics market will reach US$8.74 billion (about HK$68.17 billion) in 2018,of which industrial and service robots account for US$6.23 billion (about HK$48.60 billion) and US$1.84 billion (about HK$14.35 billion) respectively. As robotics applications expand beyond traditional manufacturing,so too will AI technology applications extend to include emerging strategic industries such as new energy batteries,high-end equipment,and environment conservation equipment,creating a green-field market.

EZ Robot's open model for the development of AI for robotics,termed "community diversification for supply chain creation",is now fully validated in traditional industries and ongoing development will continue to introduce the Company's AI technology to other verticals. EZ Robot believes that AI driven enhancements will continue to drive improvements in industrial production efficiency. In the first nine months of 2018,the Company achieved revenue of approximately HK$940 million,surpassing 2017 annual revenue of approximately HK$780 million.

About EZ Robot Inc.

EZ Robot is a platform incubated by Cogobuy Group (400.HK) dedicated to AI technology research and AI hardware development for industrial robotics. The "EZ Robot" is based on the Company's proprietary AI modules and provides a one-stop solution for developing and deploying AI-enabled robots. The Company has offices and engineering staff in nearly 20 cities across the country,and its core management has an average of 15 years of experience of overseeing teams working on AI hardware,AI software,and task automation. In the future,EZ Robot plans to expand into more industries and to contribute to the national "Made in China 2025" strategic plan. For details,please refer to the company website: http://www.ez-robot.cn/.