Core Viewpoint - The announcement highlights a significant sales contract between Giant Star Cultural Intellectual Property (Hong Kong) Limited and Cloud Factory, involving the procurement of 5,000 quadruped robots valued at over RMB 100 million, indicating strong market recognition of the company's IP empowerment capabilities [1] Group 1: Sales Contract Details - The sales contract was signed on November 4, 2025, with Cloud Factory acting as the distributor for the procurement of 5,000 quadruped robots [1] - The total price for the procurement exceeds RMB 100 million [1] - The product is expected to complete testing this year and enter mass production in early next year [1] Group 2: Technological and Development Aspects - Yushu Technology will be responsible for the technology, hardware research and development, and production of the product, along with the development of related applications [1] - The integration of IP content with intelligent robotics is aimed at evolving technology products towards trendy and consumer-oriented directions [1] Group 3: Strategic Implications - The signing of the sales contract represents a significant advancement following the initial sales order signed on November 3, 2025, showcasing the market's ongoing recognition of the company's capabilities [1] - The initiative promotes the deep integration of "IP + Robotics + AI," further extending the company's IP value chain from content creation to tangible applications [1] - The board believes that the contract will facilitate stable sales of IP-related products in the company's daily operations, aligning with future development goals [1]