The Board of Directors of Wintoni wishes to announce that the Company proposes to ratify the diversification of the existing business of Wintoni and its subsidiaries into trading and sale of Chemco Products via online chemical procurement business platform under the B2B segment with the application of the big data-based artificial intelligence, consultancy services, provision of general B2B and B2C trading through e-commerce platforms and internet social media, provision of platforms for B2B and B2C mobile artificial intelligence system providers, provision of mobile voice and data interchange services, provision of source code, rights and integration of CMS as well as the business of telecommunications reselling and third-party telecommunications providers (“Trading and ICT Business”).
Details of the Proposed Ratification are set out in the ensuing attachment.
This announcement is dated 9 December 2020.