Xiao-I Corporation Updates Public on Legal Battle with Apple

On November 1, 2024, the Shanghai High People's Court held its second session of hearings regarding a patent infringement lawsuit involving Xiao-I Corporation and Apple. This lawsuit alleges that Apple has infringed upon Xiao-I's intellectual property related to artificial intelligence. The trial phase was completed on July 31, 2024, and the involved parties are now awaiting the final ruling from the court. Xiao-I remains confident about the merits of its case but acknowledges the uncertain nature of the outcome, emphasizing that investors should conduct thorough due diligence. The company plans to inform shareholders and the public about significant developments in the case as they unfold.