HONG KONG, May 29, 2019 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), a company focusing on IC component trading and artificial intelligence and internet of things ("AIoT") business services in China, is pleased to announce that the Company will become a constituent stock of The Hang Seng Shenzhen Hong Kong Index ("SZHKI") and the Hang Seng Shenzhen Hong Kong Information Technology Index ("SZHKT"), with effect from June 17, 2019 (Monday).
The SZHKI and the SZHKT, two of the indexes in the Hang Seng Shenzhen Hong Kong Index Series ("SZHK Index Series") launched in August 2015, aim to reflect the performance of Shenzhen or Hong Kong-headquartered companies in sectors likely to benefit from the rapid development of the two cities. Among them, the SZHKT provides a market reference index, which is reflected in the Hong Kong listing and is mainly responsible for the overall performance of IT business securities.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Cogobuy's inclusion in the SZHKI and SZHKT reflects the market's high recognition of our growth potential. We believe this will help further enhance the Company's influence in the investment community and expand and diversify the Company's shareholder base.
"Our Company has been one of the leading domestic electronic components B2B sales and service providers in China. Our comprehensive leading smart hardware industrial internet platform integrates international and domestic top-tier chip companies to provide our services and products to smart cars, smart homes, smart medical devices, robotics, healthcare, and emerging materials, as well as solutions such as AIoT custom chips and electronic components sales for companies in our INGDAN.com AIoT ecosystem, which has now grown to include over 38,000 companies.
Looking forward, our IC business and layout will rely on our leadership in chip supply, coupled with the large number of emerging companies incubating on our INGDAN.com platform. Our business is set to greatly benefit from the rollout of 5G equipment and 5G applications, which will serve as the core driver of our future growth and create significant value for our shareholders."
About Cogobuy Group
Cogobuy Group is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi'an, as well as overseas branches in Singapore, Israel, and Japan. The Group is comprised of Cogobuy.com, an IC Components Direct Sales Platform, and INGDAN.com, the leading AIoT Business Service Platform. Cogobuy's AIoT ecosystem connects cloud computing and AI core technologies with the Group's expertise in edge computing, machine learning, and deep customization. With the ecosystem, the Group aims to provide AIoT solutions to vertical industries such as smart cars, smart homes, robotics, and customized AIoT chips.
For further information, please refer to the Company's website at http://www.cogobuy.com/