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The company is one of many in the health technology sector providing online psychological services during the pandemic.

The company said its dealers are eagerly awaiting the new products, which it will ship as soon as possible, besides exploring online sales channels.

The company said it will step up efforts in developing new technology, product, channel and ecosystem and will improve its AI-enabled products to cover more types of diseases in the coming years.

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The company went public on the Hong Kong market in March this year, with its share price rising nearly 60 percent on the first day of trading.

The company, which makes vehicles, engines and construction equipment, has been in China for 25 years. In 2015, it set up a joint venture with Dongfeng Motor Corp to expand presence in the heavy-duty and middle-duty truck segment.

The company just announced that it plans to give away a 6-inch?Nook Simple Touch — a device — when customers buy a 9 Nook+ HD tablet. The deal runs from March 24 to March 31 online and at Barnes & Noble stores.

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The company's share price gained 0.24 percent to 12.69 yuan Friday.

The company said the new 88 internet brand will mainly focus on offering internet products such as email services, a knowledge platform, professional networking, recruitment products and business information products. It will seek to provide individual users with solutions that foster efficient communication and better social connections.

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The company plans to appeal to a Nasdaq hearings panel and will remain on the US bourse pending a ruling, Luckin Coffee added.

The company's three business divisions - healthcare, life sciences and performance materials - have a strong market presence in China. Last year, Asia-Pacific accounted for one-third of its global market, with an average annual growth rate of 8 percent, while the China market grew at an average annual rate of 18 percent with total revenue reaching 1.9 billion euros (.13 billion).