WiMi Hologram Cloud raises stake in MicroAlgo to 67.65%

WiMi Hologram Cloud (WiMi) announced it has increased its stake in MicroAlgo (MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares. As of March 27, WIMI Hologram Cloud holds 40,000 Class A ordinary shares, 1,810,658 Class A ordinary shares (restricted), and 44,878,261 Class B ordinary shares of MicroAlgo, representing a total equity stake of 67.65% of MicroAlgo’s total shares outstanding. WIMI has no plans to sell or otherwise dispose of any Microalgo ordinary shares. To stabilize market expectations, WIMI Hologram Cloud has committed to a ten-year lock-up period for all currently owned MicroAlgo shares.