1. Event-driven: Bill Gates recently stated in his year-end letter that in the next two or three years, virtual meetings will shift from two-dimensional images to metauniverses. With the acceleration of 5G and digital transformation, users' more complex work scenes and more diversified communication methods drive audio and video communication enterprises to constantly pursue the improvement of communication efficiency in smart office scenarios. Metauniverse can solve this problem, help enterprise users improve business efficiency, and cope with complex work scenarios and diverse communication methods.

2. Layout the Hyperuniverse in advance. The company continued to increase investment in the underlying algorithms and technologies of audio and video, and the q 1-Q3 R&D expenses increased by 48% year-on-year. For the commercial metauniverse, the underlying audio and video engines of the next generation video communication such as AR+VR+MR are laid out in advance. In September this year, the company took the lead in creating video, deepening the cooperation between localization and the layout of the new market and the next generation audio and video engine, and promoting the technological innovation of localization and the underlying audio and video technology of the meta-universe.

3. Focus on the field of cloud video. The company focuses on the field of cloud video communication services, providing one-stop cloud video platforms and solutions for large domestic government and enterprise users. The company is the only cloud video company that has settled in the national new industrial park, and its cloud video products will surpass Yuncheng to become the first choice for digital upgrading of large enterprises in various industries. The number of cloud video users in the company has exceeded 1.5 million. According to the "20021Intelligent Conference Solution Industry Report" of Sullivan Investment Research Institute, the company's cloud video products rank in the leader quadrant, second only to Huawei, higher than other cloud video peers, and its industry position is widely recognized.

4. Localization of cloud video platform. 20 19 Company's domestic cloud video platform of Huichang Chaoshi Cloud is pre-installed with unified communication software UOS domestic operating system. With the increase of UOS installed capacity in large-scale government and enterprises, the application of cloud video SaaS in large-scale government and enterprises has also been promoted. Huichang Chaoyun combines the group communication and video conference service products provided by China Core Hardware Terminal, and fully supports the mainstream architecture. Domestic chips are completely domestic products with strong versatility.

5. Cloud video education. In the first half of the year, the company's education sub-business covered the pilot of "double-teacher classroom" in primary and secondary schools in more than 20 cities and counties across the country. The company strengthened cooperation with operators, and promoted the regional landing of the company's dual-teacher education product "Zhixiang Cloud Classroom" to connect more users.

6. The company's cloud video hardware orders increased by more than 20%. Tomorrow Industry, a subsidiary company, mainly produces intelligent cloud video hardware products, with the largest shipment in China. For many years, it has been a qualified supplier of Huawei cloud video platform services. As the national team of cloud video, in the new wave of localization in the future, it can make stable profits through SaaS model and fully benefit from the meta-universe.