Core Viewpoint - The collaboration between Giant Star Legend and Yushu Technology has advanced with the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd, focusing on consumer-level IP robots and derivative products [1] Group 1: Joint Venture Details - Giant Star Legend's subsidiary, Xing Chuang Yi (Kunshan) Cultural Co., Ltd, and Yushu Technology's subsidiary, Beijing Lingyi Technology Co., Ltd, will each hold 50% equity in the joint venture [1] - The joint venture will be responsible for the creation, development, operation, promotion, and sales of consumer-level IP robots and related products [1] - The board of the joint venture will consist of four directors, with each party appointing two [1] Group 2: Product Development and Orders - The joint venture will exclusively sell and promote artist IP robots and derivative products based on both parties' IP resources [1] - Giant Star Legend will handle IP planning, design, AI interaction, media promotion, and customer development, while Yushu Technology will focus on robot design, production, and technical development [1] - Recently, Giant Star Legend secured two orders for quadruped robots, including a contract with ADATA Technology for 1,000 units valued at over RMB 20 million and another with Cloud Factory for 5,000 units valued at over RMB 100 million [3] Group 3: Financial Performance - For the first half of the year, Giant Star Legend reported revenue of RMB 354 million, a year-on-year increase of 33.0%, while net profit decreased by 68.3% to RMB 8.07 million compared to RMB 25.45 million in the same period last year [5] Group 4: Market Reaction - Following the announcement of the joint venture, Giant Star Legend's stock price surged by over 18%, reaching HKD 9.94 per share, with a total market capitalization of approximately HKD 8.9 billion [1]

Group 1 - The core point of the article is that the stock of a company named "巨星传奇" surged nearly 20% in the afternoon trading session, driven by news of a joint venture with "宇树科技" to establish "宇星娱乐科技有限公司" [2] Group 2 - The joint venture involves a wholly-owned subsidiary of the company and a wholly-owned subsidiary of "宇树科技," indicating a strategic partnership aimed at expanding their business operations [2]

Core Viewpoint - The announcement by Giant Star Legend regarding the establishment of a joint venture with Beijing Lingyi Technology highlights a strategic move into the consumer-grade IP robotics and derivative products market [1] Group 1: Joint Venture Details - Giant Star Legend's wholly-owned subsidiary, Xing Chuang Yi (Kunshan) Cultural Co., Ltd., and Beijing Lingyi Technology Co., Ltd. have signed a joint venture agreement [1] - The newly formed company, Yuxing Entertainment Technology Co., Ltd., will be equally owned by both parties, with each holding 50% equity [1] Group 2: Business Focus - The joint venture aims to focus on the creation, development, operation, promotion, and sales of consumer-grade IP robots and related derivative products [1]

Core Viewpoint - The company announced the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., in collaboration with Beijing Lingyi Technology Co., Ltd., focusing on consumer-level IP robots and related products [1] Group 1 - The joint venture agreement was signed between Star Creation (Kunshan) Entertainment Co., Ltd. and Beijing Lingyi Technology Co., Ltd. [1] - Both parties will hold a 50% equity stake in the joint venture [1] - The primary responsibilities of the joint venture will include the creation, development, operation, promotion, and sales of consumer-level IP robots and derivative products [1]

Core Viewpoint - The establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., between Juxing Legend and Beijing Lingyi Technology Co., Ltd. aims to develop and commercialize consumer-grade IP robots and related products, leveraging both companies' strengths in IP resources and advanced robotics technology [1][2][3] Group 1: Joint Venture Details - The joint venture will be equally owned by both parties, with each holding 50% equity [1] - The company will focus on the creation, development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1][2] Group 2: Responsibilities and Collaboration - Juxing Legend will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while Lingyi Technology will be responsible for robot design, production, and technical support [2] - The collaboration aims to integrate Juxing Legend's rich IP resources with Lingyi Technology's advanced robotics technology to create innovative entertainment and technology experiences [2][3] Group 3: Market Potential and Strategic Importance - The partnership is positioned to capitalize on the rapid advancements in robotics and AI, which are transforming smart robots into new consumer electronics and interactive entertainment platforms [2] - This initiative is expected to enhance the market presence and commercial capabilities of both companies, paving the way for scalable operations and long-term business growth [3]

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 parties' strengths in technology and IP resources [1][2][3] Group 1: Joint Venture Details - 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 joint venture will operate under Chinese law and focus on the development, operation, promotion, and sales of consumer-grade IP robots, including pet robots and humanoid performers [1][2] Group 2: Responsibilities and Operations - 星创艺 will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while 灵翌科技 will focus on robot design, production, and technical development [2] - The joint venture will exclusively sell and promote artist IP robots and derivative products based on the IP resources of both companies [2] Group 3: Market Potential and Strategic Goals - The collaboration is positioned to capitalize on the rapid advancements in robot technology and AI, indicating a promising market outlook for interactive entertainment [2][3] - The joint venture aims to enhance the brand's influence and commercial capabilities, facilitating the market introduction of innovative products and services [3]

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]