Core Viewpoint - The company, Thinker Education (01769.HK), has entered into a joint venture agreement with Shenzhen Huaxia Junyong to establish a company focused on the research and development of educational artificial intelligence robots, with a registered capital of RMB 385 million [1] Group 1 - The joint venture will have a registered capital of RMB 385 million, with Thinker Education contributing RMB 115.5 million and Shenzhen Huaxia Junyong contributing RMB 269.5 million [1] - After the establishment of the joint venture, Thinker Education will hold a 30% equity stake while Shenzhen Huaxia Junyong will hold 70% [1] - The joint venture will be accounted for as an associate company in Thinker Education's financial statements, with its financial performance included using the equity method [1] Group 2 - The company believes that the development of educational AI robots complements its existing business and will create synergies for overall business growth [1] - Establishing the joint venture is expected to accelerate the company's entry into the educational AI robot industry and promote overall business development [1] - The joint venture will provide access to diverse and advanced equipment and technology, enhancing the company's technological development and competitive advantage in the educational AI robot sector [1]