Core Viewpoint - The establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., between Juxing Legend and Beijing Lingyi Technology Co., Ltd. aims to develop and commercialize consumer-grade IP robots and related products, leveraging both companies' strengths in IP resources and advanced robotics technology [1][2][3] Group 1: Joint Venture Details - The joint venture will be equally owned by both parties, with each holding 50% equity [1] - The company will focus on the creation, development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1][2] Group 2: Responsibilities and Collaboration - Juxing Legend will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while Lingyi Technology will be responsible for robot design, production, and technical support [2] - The collaboration aims to integrate Juxing Legend's rich IP resources with Lingyi Technology's advanced robotics technology to create innovative entertainment and technology experiences [2][3] Group 3: Market Potential and Strategic Importance - The partnership is positioned to capitalize on the rapid advancements in robotics and AI, which are transforming smart robots into new consumer electronics and interactive entertainment platforms [2] - This initiative is expected to enhance the market presence and commercial capabilities of both companies, paving the way for scalable operations and long-term business growth [3]