Wangsu Science & Technology plans to invest 300 million yuan of its own funds in Sand.ai by subscribing for newly issued A+ round preferred shares issued by Sandai Cayman. After the transaction, Wangsu would hold a 4.3963% stake in Sandai Cayman. Before completion, Wangsu will provide Shanghai Sandai Technology with a 300 million yuan convertible bond and receive A+ round warrants. Founded in January 2024, Sand.ai develops visual content-generation models and application products based on video models.