Core Viewpoint - The establishment of a joint venture between 巨星传奇 and 北京灵翌科技 aims to create a new company focused on developing and commercializing consumer-grade IP robots and related products, leveraging both companies' strengths in technology and IP resources [1][2][3] Group 1 - The joint venture, named 宇星娱乐科技有限公司, will be co-owned by both parties, each holding 50% equity [1] - The company will focus on the development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1][2] - The collaboration aims to integrate advanced robotics technology with rich IP resources to create innovative entertainment and technology experiences for users [1][2] Group 2 - The board of the joint venture will consist of four directors, with each company appointing two [2] - The joint venture will exclusively sell and promote artist IP robots and derivative products based on the IP resources of both companies [2] - The partnership is expected to enhance the market presence of intelligent robots in entertainment settings, such as concerts and commercial performances, thereby increasing their commercial value [3] Group 3 - The collaboration is anticipated to create new IP derivatives that align with the AI and robotics era, injecting technological momentum into the IP business [3] - This initiative will facilitate the market launch of products, strengthen brand influence, and enhance commercialization capabilities [3] - The joint venture is positioned to drive long-term business growth and sustainable value creation through the scale-up of related products and services [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Star Plus Legend Holdings Limited 巨星傳奇集團有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：6683） 自願公告 成立合資公司 合 資 公 司 的 董 事 會 將 設 有 四 名 董 事，星 創 藝 及 靈 翌 科 技 各 自 可 委 任 兩 名 董 事。 合 資 公 司 成 立 後，將 獨 家 銷 售、運 營、推 廣 基 於 雙 方IP資源開發的藝人IP機 器 人 及 衍 生 品。本 集 團 將 負 責 機 器 人IP規 劃、設 計、AI交 互、明 星IP授 權、媒 體 宣 傳 與 渠 道 開 發；演 藝 內 容 的 策 劃、製 作 及 商 業 化 客 戶 開 發；而 宇 樹 科 技 將 負 責 機 器 人 ...

Core Viewpoint - The company, 巨星传奇, is leveraging its deep association with Jay Chou to expand its business narrative, particularly through the introduction of the "巨星狗" robot in collaboration with 宇树科技, which has already secured significant orders validating its commercial potential [3][10][20]. Group 1: Stock Performance and Market Reaction - Jay Chou's entry into Douyin (TikTok) on July 9 led to a dramatic increase in the company's stock price, which surged by 94.38% on the same day [5]. - Following the announcement of a share placement at a discount, the company raised approximately 3.24 billion HKD (around 2.97 billion RMB) to fund IP business expansion and entertainment facility investments [6][29]. - The stock price experienced a significant boost after the announcement of the collaboration with 宇树科技, with an intraday increase of over 30% [11]. Group 2: Business Developments and Collaborations - The company signed a strategic cooperation agreement with 宇树科技 to develop and commercialize a four-legged robot with social attributes [10][12]. - In September, the company announced plans to acquire a 1.17% stake in the 国家体育场公司, the operator of the iconic "Bird's Nest" stadium, enhancing its presence in the entertainment and sports sector [12]. - The company also became a strategic shareholder in the Korean talent agency Galaxy, acquiring up to 7% of its shares for 800 million USD, further diversifying its investment portfolio [12][13]. Group 3: Product Launch and Sales Orders - The "巨星狗" robot was publicly showcased at the Shanghai Tourism Festival, marking its first appearance [14]. - The company secured two significant orders for the "巨星狗," totaling over 120 million RMB, with each unit priced at 20,000 RMB [20][21]. - The clients for these orders include 威刚科技, a major memory module manufacturer, and 云工场, a leading data center service provider, indicating strong demand from reputable companies [21][22]. Group 4: Financial Performance - For the first half of 2025, the company reported revenues of 355 million RMB, a year-on-year increase of 32.99%, while net profit decreased by 58.88% to 10 million RMB [29]. - The revenue from new consumer business reached 211 million RMB, a 91.5% increase compared to the previous year, driven by the popularity of its coffee product [29]. - The decline in net profit was attributed to losses from securities investments rather than core business operations [29]. Group 5: Future Outlook and Strategy - The company aims to enhance its IP-driven business model by integrating various sectors, including AI and robotics, to create a comprehensive IP ecosystem [14][32]. - Future product launches will focus on leveraging the "周同学" IP and developing a diverse range of merchandise, including toys and apparel [32]. - The company plans to continue expanding its IP licensing business and explore collaborations with various artists for concert merchandise [32].

Market Capitalization of Hong Kong Listed Film and Entertainment Companies - The market capitalization rankings of 17 Hong Kong listed film and entertainment companies as of October 31, 2025, show that China Literature (00136.HK) leads with a market cap of HKD 454.30 billion, followed by Tencent Music Entertainment (00772.HK) at HKD 426.77 billion [1] - Other notable companies include Alibaba Pictures (01060.HK) with a market cap of HKD 274.86 billion and Giant Interactive (06683.HK) at HKD 78.42 billion [1] Price Performance of Hong Kong Listed Film and Entertainment Companies - The price performance rankings indicate that "Coming Signal" (02306.HK) experienced the highest year-to-date increase of 260.32%, reaching a price of HKD 2.27 [2] - Other significant gainers include Liti Pictures (09958.HK) with a 94.92% increase and Alibaba Pictures (01060.HK) with a 93.68% increase [2] - Conversely, companies like Starry Media (06698.HK) and Happy Media (01003.HK) faced declines of 66.94% and 31.18%, respectively [2]

Major Events - Wangshan Wangshui-B (02630) has set its share price at HKD 33.37, with the Hong Kong public offering receiving a subscription rate of 6,238.42 times [1] - WeRide-W (00800) achieved a subscription rate of 73.44 times for its Hong Kong public offering, raising approximately HKD 2.264 billion from the global offering [1] - Pony.ai-W (02026) had a subscription rate of 15.88 times for its Hong Kong public offering, with a share price set at HKD 139 [1] - Joyson Electronics (00699) saw a subscription rate of 147.67 times for its Hong Kong public offering, with an expected listing date of November 6 [1] - Standard Chartered Group (02888) plans to issue USD 1 billion in fixed-rate reset perpetual subordinated or convertible securities [1] - Crystal Tech Holdings (02228) subsidiary AILUX announced a strategic partnership with Eli Lilly to enhance AI-driven bispecific antibody development [1] - Giant Star Legend (06683) signed a sales contract exceeding HKD 100 million for quadruped robots, accelerating the integration of "IP + Robotics + AI" [1] - HAPO-B (02142) entered into an evaluation and licensing agreement with UMOJA BIOPHARMA [1] Financial Data - Hong Kong Exchanges and Clearing (00388) reported a profit attributable to shareholders of HKD 13.419 billion for the first three quarters, a year-on-year increase of 45%, with both revenue and profit reaching record highs [1] - Fubo Group (03738) experienced a total revenue growth of approximately 27% in the third quarter [1] - Goodbaby International (01086) reported a revenue of approximately HKD 6.42 billion for the first three quarters, reflecting a year-on-year decline of 1.1% [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 呈交日期: 2025年11月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06683 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 ...

Core Insights - The company has secured significant orders for its innovative product "Giant Dog," with a recent contract from Cloud Factory Technology Holdings for 5,000 units, totaling over 100 million RMB, following a previous order from Adata Technology [2][3] Group 1: Product Development and Market Strategy - "Giant Dog" represents a strategic collaboration between the company and Yushu Technology, focusing on integrating IP content with smart robotics to enhance consumer appeal and drive commercialization [2][3] - The company aims to deepen the integration of "IP + Robotics + AI," extending its IP value chain from content creation to tangible applications [2][3] Group 2: Partnership Dynamics - The partnership involves the company handling IP planning, design, and global marketing, while Yushu Technology focuses on technical development and production, ensuring a complementary approach to product quality and market reach [3] - The recent large order reflects ongoing market recognition of the company's ability to leverage its IP for commercial success [3] Group 3: Future Prospects and Market Position - The company plans to explore the commercial value of smart robots in various entertainment scenarios, enhancing its competitive edge [3] - The collaboration with Yushu Technology is expected to expand beyond current projects, tapping into a broader range of artist resources to enhance IP collaboration opportunities [3]

Core Insights - The company, Giant Star Legend (06683.HK), has signed a sales contract with Cloud Factory (02512.HK) for the procurement of 5,000 quadruped robots, totaling over 100 million RMB, indicating strong market recognition of its IP capabilities [4] - This contract follows the initial sales order signed on November 3, marking a significant advancement in the company's product sales and extending its IP value chain from content creation to tangible applications [4] - The technology and hardware development for the robots will be handled by Yushu Technology, with testing expected to be completed this year and mass production slated for early next year [4] Company Overview - Giant Star Legend focuses on IP creation and operation, leveraging star-driven iconic IPs, primarily featuring Chinese pop icon Jay Chou and fitness coach Liu Genghong [5] - The company has successfully developed two flagship IPs: the official virtual image of Jay Chou, CHOUCHOU, and Coach Liu, accumulating a global fan base of 280 million across all its IPs [5] - Since its launch in 2019, the CHOUCHOU IP has collaborated with over 200 global brands, generating licensed merchandise sales exceeding 1 billion RMB [5]

Group 1 - The core viewpoint of the articles highlights the strong performance of the stock of Giant Legend (06683.HK), which is closely associated with the celebrity Jay Chou, as it has seen significant price increases and new business contracts [2][4] - On November 5, the stock opened high and reached an increase of approximately 8%, closing at 9.46 HKD per share, with a total market capitalization of about 8.5 billion HKD [2] - The latest announcement reveals that Giant Legend's wholly-owned subsidiary, Giant Cultural, has signed a sales contract with Cloud Factory (02512.HK) for the procurement of 5,000 quadruped robots, totaling over 100 million RMB [2] Group 2 - Recently, Giant Legend has been frequently opening high, with notable stock performance, including a contract with Adata Technology on November 3 for 1,000 quadruped robots, valued at over 20 million RMB [4] - The company has secured two significant orders in succession, which not only brings substantial revenue but also indicates initial market recognition of its IP value chain extension [4] - Giant Legend aims to integrate IP content with smart robots, promoting the evolution of tech products towards trendy and consumer-friendly directions, thereby advancing the "IP + Robot + AI" integration model [4]

Group 1 - The stock of Legend Holdings (06683.HK) opened over 3% higher and is currently up 3.61%, trading at HKD 9.46 [1] - The trading volume reached HKD 3.1549 million [1]