Core Viewpoint - The establishment of a joint venture between the company and Shenzhen Huaxia Junyong aims to develop and explore educational artificial intelligence robots, enhancing the company's overall business development and competitive advantage in this sector [1][2]. Group 1: Joint Venture Details - The joint venture agreement was signed on November 4, 2025, with a registered capital of RMB 385 million [1]. - The company will contribute RMB 115.5 million, while Shenzhen Huaxia Junyong will contribute RMB 269.5 million, resulting in ownership stakes of 30% and 70%, respectively [1]. - The joint venture will be accounted for as an associate company in the company's consolidated financial statements, using the equity method [1]. Group 2: Strategic Benefits - The joint venture is expected to accelerate the company's entry into the educational AI robot industry, driving overall business growth [2]. - By leveraging the joint venture's network and resources, the company aims to access diverse and advanced equipment and technology, enhancing its technical development and accumulating valuable experience and knowledge [2]. - Educational AI robots can assist teaching by recognizing handwritten characters and complex formulas, providing step-by-step solutions and learning analysis, as well as offering real-time feedback to students and behavioral analysis to teachers for personalized instruction [2].