Kuaishou: Evaluating Proposed Restructuring Plan for Keling AI Assets and Business, Proposal in Preliminary Stage

On May 12, Kuaishou announced that on May 11, there were media reports indicating the company’s intention to seek external financing for its Keling AI-related assets and business and to propose an independent listing. ‘The company hereby updates its shareholders and investors that in order to further leverage external financial resources, the Board of Directors is evaluating a proposed restructuring plan for Keling AI-related assets and business, which may involve the introduction of external financing. As of the date of this announcement, the proposed plan is still in the preliminary stage, and the company has not signed any final agreements regarding this matter. There is no guarantee that such proposed plans will proceed.’

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