MindForge Inc.

U-BX Technology Ltd. was incorporated on June 30, 2021, in the Cayman Islands and conducts all business through U-BX Beijing, U-BX Suzhou, Jiangsu Jingmo, Jiangsu YJYC, and RDYJ. Since U-BX Beijing's establishment in 2018, the company has focused on providing artificial intelligence-driven value-added services to businesses in the insurance industry, including insurance carriers and brokers. Through its PRC Operating Entities, U-BX Technology primarily offers three services: digital promotion services, risk assessment services, and value-added bundled benefits. The company assists institutional clients in gaining visibility on social media platforms, generating revenue from consumer clicks, views, or client promotion time. U-BX Technology also developed the "Magic Mirror" algorithm to calculate payout risks for insurance carriers underwriting auto insurance. This proprietary algorithmic model generates individualized risk reports based on vehicle brand, model, travel area, and vehicle age, with revenue generated per assessment report provided to carriers. Additionally, the company sells bundled benefits, such as car washes, maintenance plans, or parking notifications, to major insurance carriers or brokers to help them attract customers. U-BX Technology also provides insurance-related information to individual consumers via a mini-application embedded in social media platforms. The current client base includes more than 300 city-level property and auto insurance carriers nationwide, such as the People's Insurance Company of China, Dajia Property Insurance Co., Ltd., China Pacific Property Insurance Co., Ltd., China Life Property Insurance Co., Ltd., Yongcheng Property Insurance Co., Ltd., and Huatai Insurance Brokers Co., Ltd.