Company Announcements

BEIJING, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider engaged in virtual content production and the development of 3D digital assets for use in the broader digital content industry. Recently, a delegation led by Chairman and CEO Mr. Haogang Yang engaged with local enterprises and government leaders, conducting an in-depth exploration of Lianyungang’s digital economy, artificial intelligence, and cultural tourism resources. The visit resulted in the signing of a strategic cooperation framework agreement (the “Agreement”) with Lianyungang’s Haizhou High-Tech District, a district focused on supporting the broader digital economy and industries within.

This visit is a follow-up to a previous meeting where Lianyungang’s Mayor Xing Zhengjun and his delegation visited Global Mofy’s Beijing headquarters for initial discussions. Before signing of the Agreement, the delegation toured key innovation hubs and culturally significant sites, including the renowned Kongwang Mountain, the Wukong AI Computing Center, and the Garden Expo Park. These visits underscored Lianyungang’s strengths in both AI infrastructure and cultural tourism development. The tour highlighted the potential for collaboration between Global Mofy and the local government, with a particular focus on leveraging AI to drive regional industrial growth and support the digital transformation of renowned tourist destinations.

Under the Agreement, both parties will collaborate on generative AI technology, digital cultural tourism, enterprise digital transformations, and talent cultivation. Additionally, the development of cultural IP projects, such as Huaguo Mountain, famously known as the origin of "Sun Wukong", aims to elevate the global profile of Lianyungang’s cultural heritage through digital platforms and engage and attract visitors in unprecedented ways.

“During our visit to Lianyungang, we were truly inspired by the city’s seamless blend of advanced AI technology, infrastructure, and cultural heritage. Visiting key sites like the Wukong AI Computing Center, which has already achieved 4,096P of operational computing power, provided valuable insights into the potential for AI applications in various industries. The experiences we gained have reinforced our belief in the mutual benefits that will arise from this partnership. Building on the foundation of the signed agreement, we look forward to working closely with Lianyungang to realize the full potential of this collaboration, driving innovation and cultural enhancement in ways that will bring long-term value for both sides,” said Mr. Haogang Yang, CEO of Global Mofy.

About Global Mofy AI Limited

Global Mofy AI Limited (Nasdaq: GMM) is a generative AI-driven technology solutions provider engaged in virtual content production, and the development of digital assets for the digital content industry. Utilizing its proprietary "Mofy Lab" technology platform, which consists of interactive 3D and artificial intelligence ("AI") technology, the Company creates high-definition virtual versions of a wide range of physical world objects in 3D ranging from characters, objects to scenes and more. The digital assets can be used in different applications, including movies, TV series, AR/VR, animation, advertising, gaming, and more. Global Mofy Metaverse is one of the leading digital asset banks in China, which consists of more than 100,000 high-precision 3D digital assets. For more information, please visit www.globalmofy.cn/ or ir.globalmofy.cn.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Global Mofy AI Ltd.

Investor Relations Department

ir@mof-vfx.com