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WiMi Hologram Cloud Inc Expands Investment in MicroAlgo Inc

WiMi Hologram Cloud Inc., a prominent provider of hologram augmented reality (AR) technology, has recently announced a major strategic move by enhancing its ownership stake in MicroAlgo Inc, a company listed on the NASDAQ under the ticker MLGO. As of March 27, 2025, WiMi has increased its shareholding to an impressive 67.65%, a significant investment that underscores their commitment to the growth and success of MicroAlgo.

This substantial equity stake is composed of various shares, including 40,000 Class A ordinary shares, 1,810,658 restricted Class A shares, and a staggering 44,878,261 restricted Class B ordinary shares. With this diverse portfolio, WiMi now holds a commanding position in MicroAlgo’s overall capital structure, representing more than two-thirds of the company’s total shares outstanding.

In a move that reflects WiMi's long-term vision, the company has dedicated itself to maintaining this investment with a ten-year lock-up agreement for all MicroAlgo shares it currently possesses. This means that WiMi will not sell or transfer any of these shares during the lock-up period, providing both stability and confidence in the marketplace. Such a commitment is crucial in the volatile world of technology investments, where investor sentiments can fluctuate wildly based on short-term performances.

The holographic industry is undergoing a transformative phase, with increasing interest from various sectors including automotive, entertainment, and advertising. WiMi, being a leading player in this space, aims to capitalize on MicroAlgo's capabilities to deliver innovative solutions and products. MicroAlgo specializes in cutting-edge technologies that complement WiMi's existing offerings, and this enhanced collaboration is expected to yield fruitful results for both companies, as well as their stakeholders.

WiMi Hologram Cloud Inc.'s portfolio spans various professional areas such as automotive holographic AR software, 3D holographic pulse LiDAR, and advanced holographic communication technologies. By synergizing with MicroAlgo, WiMi intends to leverage their respective strengths to push the boundaries of what is possible within the holographic AR space. This includes the development of more immersive experiences and applications that support a wide array of industries.

The announcement of this increased stake and commitment to a lock-up period arrives at a time when market anticipation for AR technologies is peaking. The investment community is keenly observing WiMi’s actions as they assess the company's future endeavors, potential for growth, and overall strategic direction.

In conclusion, WiMi Hologram Cloud Inc. has made a bold and strategic investment in MicroAlgo Inc, marking its intention to solidify its presence in the rapidly evolving AR industry. By committing to a ten-year lock-up on its shares, WiMi is signaling confidence not just in MicroAlgo's potential, but also in its overarching vision for holographic technology development. Investors and technology enthusiasts alike will be watching closely as these two companies move forward together in what promises to be a groundbreaking collaboration.

For further information about WiMi Hologram Cloud and its innovative offerings in the AR space, stakeholders can track their ongoing developments via their investor relations communications.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company's beliefs and management expectations regarding future activities are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Interested parties should consider reviewing WiMi’s annual report filed with the SEC for additional information regarding potential risks and factors influencing company performance.