Core Viewpoint - The company 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 the company contributing RMB 115.5 million and Shenzhen Huaxia Junyong contributing 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] - The company believes that the development of educational AI robots complements its existing business and will create synergies for overall business growth [1] Group 2 - Establishing the joint venture will accelerate the company's entry into the educational AI robot industry and promote overall business development [2] - The joint venture will provide access to diverse and advanced equipment and technology, enhancing the company's technological capabilities 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, offering instant feedback, and enabling personalized teaching through student behavior analysis [2]