Core Viewpoint - The establishment of a joint venture by Reliance Global Capital and its partners aims to capitalize on emerging opportunities in the forestry robotics sector, enhancing the company's timber supply chain business [1][2]. Group 1: Joint Venture Details - Reliance Global Capital, along with AZIO, Hong Kong Innovation, and Zhaolian, has entered into a joint venture agreement to develop and operate forestry robotics-related businesses [1]. - The total capital commitment for the joint venture is HKD 150 million, with contributions of HKD 60 million from Reliance Global Capital, HKD 60 million from AZIO, HKD 13.5 million from Hong Kong Innovation, and HKD 16.5 million from Zhaolian [1]. - The ownership structure of the joint venture will see Reliance Global Capital and AZIO each holding 40% equity, while Hong Kong Innovation and Zhaolian will hold 9% and 11% equity, respectively [1]. Group 2: Industry Insights - Technological advancements are making robots increasingly important in the forestry industry, with drones being utilized for data collection, tree inventory monitoring, forest regeneration tracking, and wildfire monitoring [1]. - The development of unmanned ground vehicles, such as automated logging machines, is expected to play a significant role in the future of the forestry industry [1]. - The joint venture will leverage AZIO's expertise in information technology and artificial intelligence, combined with Reliance Global Capital's experience in the forestry sector [1].