Liren Technology: The company's main business does not include electronic cloth related business, and its invested company Shanghai Chaoxian has not yet started any business.
Liren Technology has issued a clarification regarding recent media reports that falsely claimed the company would acquire a semiconductor distribution company and transition into the electronic cloth industry by the end of 2025. The company stated that it has not made any such acquisition and will not be transforming into the electronic cloth sector within the next 2-3 years. Liren Technology also clarified its investment in Shanghai Chaoxian, holding a 15% stake, and noted that this subsidiary has not yet commenced any business operations. AI