MicroCloud Hologram Planned to Join the Communications Industry Association

Rhea-AI Summary

MicroCloud Hologram Inc. (NASDAQ: HOLO) announced its plan to join the Communications Industry Association, a national industry organization promoting technological innovation and industry development in the communications field. The Association aims to improve product quality, strengthen economic cooperation, and enhance global competitiveness. HOLO's decision is aligned with its goal to accelerate the development of a new generation of information technology and industry integration.

BEIJING, Feb. 7, 2024 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO) ("HOLO" or the "Company"), a Technology provider, today announced that it planned to join the Communications Industry Association.

The Communications Industry Association is a cross-sectoral, cross-regional and cross-ownership national industry organization and non-profit social and economic group. The Association constantly promotes technological innovation, technology export, and industry development in the communications industry, and contributes to the economic development of the communications field. The business unit in charge of the Association is the Ministry of Industry and Information Technology. Under the guidance of the Ministry of Industry and Information Technology, the Association carries out industry management, information exchange, business training, international cooperation, consulting services, etc., with the main objectives of promoting industry technological progress, improving product quality, strengthening economic and technological cooperation between enterprises and institutions, promoting unity, improving the quality of member units and economic benefits, and promoting communication products to meet the ever-increasing global demand and improve competitiveness in the international market.

The Association holds regular meetings to exchange with each other the experience of internal reforms and the situation of research, development, production and sales in each unit, to analyze the dynamics of foreign technological development, to study the development of the industry, to analyze the market, to discuss countermeasures together, and to reflect the problems and needs to the relevant departments. Over the past few years, many of the proposals put forward by the Association have received the attention and support of the relevant departments.

The Association has also carried out useful work and made certain achievements in coordinating institutional research and standard formulation for new technologies and products, and organizing product development by member units.

HOLO planned to join the Communications Industry Association in order to promote the development of the communications industry in the field of information technology innovation, in order to accelerate the development of a new generation of information technology and the integration of industry information technology innovation.

Safe Harbor 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.

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SOURCE MicroCloud Hologram Inc.

FAQ

What is the purpose of MicroCloud Hologram Inc. joining the Communications Industry Association?

HOLO planned to join the Association to promote the development of the communications industry in the field of information technology innovation and to accelerate the development of a new generation of information technology and the integration of industry information technology innovation.

What is the ticker symbol for MicroCloud Hologram Inc.?

The ticker symbol for MicroCloud Hologram Inc. is HOLO.

What are the main objectives of the Communications Industry Association?

The main objectives of the Association include promoting industry technological progress, improving product quality, strengthening economic and technological cooperation between enterprises and institutions, and promoting communication products to meet the ever-increasing global demand.

Who is in charge of the business unit of the Communications Industry Association?

The business unit in charge of the Association is the Ministry of Industry and Information Technology.

What are the key focus areas of the Association's activities?

The Association holds regular meetings to exchange experiences, analyze market dynamics, discuss countermeasures, and coordinate institutional research and standard formulation for new technologies and products.

What are the benefits of joining the Communications Industry Association for MicroCloud Hologram Inc.?

Joining the Association aligns with HOLO's goal to promote industry development, technological innovation, and global competitiveness in the communications field.

What is the purpose of the Safe Harbor Statements in the press release?

The Safe Harbor Statements in the press release indicate that the company's plans and objectives are forward-looking and subject to potential risks and uncertainties.

What is the role of the Ministry of Industry and Information Technology in the Association?

Under the guidance of the Ministry of Industry and Information Technology, the Association carries out industry management, information exchange, business training, international cooperation, and consulting services to promote industry development.