Nanjing Panda announced that it has noted the recent widespread market interest in brain-computer interface (BCI) concepts. The company is participating in a sub-project titled “Research and Development of Key Technologies for the Integration of Multimodal Human-Computer Interaction Systems Based on Brain-Computer Interface Technology,” which is part of the “Research and Development of High-Speed Brain-Computer Interaction Technology for Intelligent Displays” project. The sub-project in which the company is participating pertains to non-core technology. To date, the Company has submitted a set of brain-computer interaction system terminals for smart displays to the project’s lead institution and its competent authority. Subsequent work related to the project will be organized and implemented by the lead institution and its competent authority. Neither the project nor the sub-project in which the Company participates will have an impact on the Company’s production and operations. The Company currently has no mature products related to this project and has not generated any revenue from it.