Hello everyone, I am Wang Zhen, founder and CEO of Logical Qubit Technology. Today, I am very excited to announce to everyone: We have recently completed our Pre-A round of financing. This round of financing was led by Zhejiang University United Innovation Investment, with follow-on investments from Dongfang Jiafu, Huaxia Hengtian, Xihu Science and Technology Investment, and Zhuhai Angel Investment. We thank our existing shareholders for their continued support. Additionally, we also welcome Shanghai Zhihui Investment as a new shareholder of Logical Qubit Technology.

A Milestone Year
The year 2025 is not yet over, but it can be called a milestone year for LogicBit.
In terms of technology R&D, our superconducting quantum chip fabrication and computing platform have been successively established, and technology R&D has entered an accelerated phase. In August of this year, the core team members participated in the research and development of a hundred-qubit superconducting quantum chip and an independently developed monitoring system, which helped achieve a major breakthrough in chip research. This result was also published in the top international journal *Nature*. At the same time, the key to achieving practical quantum computing lies in fault-tolerant logical qubits. We have made tremendous progress in fault-tolerant quantum chips and will share our progress with everyone in the near future.
In terms of commercialization progress, as of September, we have achieved revenue targets far exceeding expectations, winning customer recognition for our technology and products. Simultaneously, we have already begun communicating and exploring with some leading listed companies to open up new application scenarios for quantum computing.
In team building, we have grown from a few technical backbones into a comprehensive team with clear division of labor, pragmatism, and a sense of responsibility. More than half are high-level talents engaged in quantum technology R&D, while the other half are composite talents from leading companies in various fields. We regard practical superconducting quantum computing as the company's mission and also warmly welcome more outstanding talents to join us to jointly promote the achievement of this mission.

Focus on Technology R&D and Application Scenario Exploration
Recently, I believe everyone has seen this news: The 2025 Nobel Prize in Physics was awarded to three pioneers of superconducting quantum circuits: John Clarke, Michel Devoret, and John Martinis. This is the first time quantum computing has received a Nobel Prize!
It is worth mentioning that from 2007 to 2010, LogicBit's Chief Scientist, Professor Wang Haohua, worked in John Martinis's laboratory, making a series of outstanding contributions in superconducting quantum chip fabrication and monitoring, laying the technical foundation for Zhejiang University and LogicBit's superconducting quantum computing.
For us, quantum computing is a long-term endeavor. In 2025, our core tasks mainly focus on two aspects: In technology R&D, continuously improving the performance of superconducting quantum chips is our most prominent and steadfast core R&D direction; In technology application, we consolidate the advantages of quantum computing in scientific computing while continuously exploring new application scenarios in the industrial field. In 2026, we will continue to focus on doing these two things well, persistently and rapidly iterating our capabilities around the core tasks.
Today, China's technological strength has become a crucial part of the history of global technological development. More and more excellent Chinese tech companies are increasingly standing at the forefront of global technological competition.
As a quantum computing startup team, we view breaking through the limits of human computing power as our vision and strive to become a Chinese tech company with global influence.