Wimi hologram cloud inc has increased its stake in microalgo inc (nasdaq: mlgo) to 67.65% and committed to a ten-year lock-up period for all currently owned microalgo shares.

Beijing , march 27, 2025 /prnewswire/ -- wimi hologram cloud inc. (nasdaq: wimi) ("wimi" or the "company"), a leading global hologram augmented reality ("ar") technology provider, today announced it has increased its stake in microalgo inc (nasdaq: mlgo) to 67.65% and committed to a ten-year lock-up period for all currently owned microalgo shares. as of march 27, 2025, wimi hologram cloud inc holds 40,000 class a ordinary shares, 1,810,658 class a ordinary shares (restricted), and 44,878,261 class b ordinary shares (restricted) of microalgo inc. (nasdaq: mlgo) ("microalgo inc."), representing a total equity stake of 67.65% of microalgo's total shares outstanding.
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