UCLOUDLINK GROUP INC. Announces Plan to Establish New Operational Structure for Its Pet-Tech Business

UCLOUDLINK GROUP INC. (NASDAQ: UCL) has announced that its board of directors has approved a plan to operate its pet-tech business under a new operational structure. This initiative involves the creation of a new Cayman Islands-based holding company, supported by local operating subsidiaries, to establish a global foundation for the pet-tech business. The New Company and its subsidiaries will focus on building an AI-powered smart wearable ecosystem for pets and developing an online interactive platform that connects pets, pet owners, fans, and communities globally in real-time. The platform will integrate voice, video, music, and pet health-related digital services. Given the capital-intensive nature of this project, the New Company plans to raise additional capital and bring in more investors to accelerate global expansion and user base growth. CEO Chaohui Chen emphasized that this initiative represents a key step towards a digitally integrated future for pets and pet lovers, aiming to bridge the digital divide and create lasting value for shareholders.