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The company will introduce more strategic investors, sell the stock equity of branches with high leverage and purchase assets with low leverage, in a bid to decrease asset-liability ratio, said Zhuo Yiqun, chairman of the company, on Thursday.

The company was discovered to have classified the four regions as countries in a mail survey to its Chinese members on Jan 9, and "liked" the post of a separatist group on Twitter, which "congratulated" the listing the following day.

The company's latest move includes the opening of an AI and internet of things lab in May 2019, the third and largest of its kind in the world. The first batch of 30 clients stand to benefit from turning prototyping into products by leveraging Microsoft's AI and IoT solutions, said Lin Miaojing, project director of the Microsoft AI and IoT lab.

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The company will also provide free "one-on-one" VIP services for 10 years to the customer, and pay all bills to celebrate Wang's birthday according to the lunar calendar, the report said.

The company's decision to act may be a sign of progress on workplace issues that have come to light in the #MeToo era, said Carl Tobias, a law professor at the University of Richmond.

The company was also ordered to pay 30.5 million yuan in fines, it said.

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The company said that the epidemic has caused some impact on the supply chain management, production and market demand in the short term but it is confident that China will win the battle.

The company put its development focus on the key technology of batteries, while teaming up with traditional automobile company JAC Motor based in eastern Anhui Province to carry out production.

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The company says it now commits 10 percent of its annual revenue to R&D.

The company said the deals show its willingness to?cooperate deeper with partners on the global industrial value chain, which?is good for the healthy development of both Chinese and the international steel industry.