WiMi Hologram Wins "2020-2021 Advanced Unit in Science and Technology Innovation" Award at 18th China Scientist Forum

BEIJING,May 25,2021 -- WiMi Hologram Cloud Inc. (Nasdaq: WIMI) ("WiMi" or the "Company"),a leading Hologram Augmented Reality ("AR") Technology provider,today announced that it won the "2020-2021 Advanced Unit in Science and Technology Innovation" award at the 18th China Scientist Forum. The Company received the award based on its excellence in technological innovation achievement and the public's exceptional evaluation of the Company.

The China Scientists Forum was founded in 2002 by the distinguished scientist Zhou Guangzhao,who was then Vice Chairman of the NPC Standing Committee and Chairman of the China Association for Science and Technology. This forum has been held successfully for 18 years to date. Over the past two decades,the China Scientists Forum has received strong support from the Ministry of Science and Technology,the Chinese Academy of Sciences,the Chinese Academy of Engineering,the China Association for Science and Technology,the National Natural Science Foundation of China,Tsinghua University,Peking University,and more. As one of the industry's most influential exchanges and platforms for cooperation,the China Scientist Forum insists on reform,encourages the scientific spirit,supports scientific research for the benefit of enterprises,and always adheres to the tenet that "Science,Technology,and Innovation Lead the Future." The forum has always maintained its distinctive characteristics of being scientific,pragmatic,and extensive. With the yearly expansion of the forum's scale,quality,and influence,it has now become a renowned national technology event with high participation rates from the government,industry players,universities,and institutions. As a result of its wide coverage and great social influence,this event has become a symbolic activity to promote the development of China's science and technology industry. Furthermore,it is an important platform for promoting the development of China's technology,facilitating in-depth analysis and discussion on trending topics,advancing the frontier trends of science and technology,and developing models for the explorations of broader integrations between scientific and technological innovations in various fields. As a result,the event has made great contributions to China's scientific and technological innovations,social and economic developments,as well as the development of subjects for enterprise innovation.

The three necessary requirements for winning the award are as follows: 1) the organization has made an important achievement or published significant academic works in the field of scientific and technology research,which has had a certain influence in China and abroad; 2) it has delivered significant economic or social benefits through innovation in its area of scientific research and practice,with this innovation also playing an exemplary and leading role in its field; 3) it has made a great contribution to the promotion of science and technology.

WiMi is China's leading hologram platform. After six years of development,it has established a relatively complete holographic technology research and development system,holographic content production and storage system,and holographic commercialization system. Currently,WiMi has 132 holographic related patents and 214 software copyrights. WiMi has also produced nearly 5,000 pieces of high-quality,high-fidelity holographic content. WiMi has more than 500 business partners,and its entire holographic segment revenue exceeded RMB 700 million in 2020. Since April 2020,WiMi has been successfully listed on the Nasdaq Stock Exchange. As the first holographic company to be listed on the Nasdaq Stock Exchange,WiMi has achieved remarkable results thus far.

At present,WiMi has leading 3D computer vision technology and SaaS platform technology for holographic technology. By using AI algorithms to turn ordinary images into 3D holographic content,WiMi's solutions are widely used in holographic advertising,holographic entertainment,holographic education,holographic communications,and other fields. With the development of 5G holographic communications,enhanced Mobile Broadband ("eMBB"),and the Internet of Things ("IoT") applications,the holographic cloud industry,in which WiMi currently operates,should see explosive growth going forward.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud,Inc.(NASDAQ: WIMI),whose commercial operations began in 2015,is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software,3D holographic pulse LiDAR,head-mounted light field holographic equipment,holographic semiconductor,holographic cloud software,holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application,3D holographic pulse LiDAR technology,holographic vision semiconductor technology,holographic software development,holographic AR advertising technology,holographic AR entertainment technology,holographic ARSDK payment,interactive holographic communication and other holographic AR technologies. For more information,please visit http://ir.wimiar.com.

Safe Harbor / Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts,including statements about the Company's beliefs and expectations,are forward-looking statements. Among other things,the business outlook and quotations from management in this press release,as well as the Company's strategic and operational plans,contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K,in its annual report to shareholders,in press releases and other written materials and in oral statements made by its officers,directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement,including but not limited to the following: the Company's goals and strategies; the Company's future business development,financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release,and the Company does not undertake any obligation to update any forward-looking statement,except as required under applicable laws.

Contacts

WIMI Hologram Cloud Inc.

Email: pr@wimiar.com

ICR,LLC

Robin Yang

Tel: +1 (646) 975-9495

Email: wimi@icrinc.com

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