Group 1 - The company announced a sales contract for quadruped robots with an independent third party, expected to reach mass production by Q1 2026 [1] - The quadruped robot integrates popular IP designs, aiming to attract enthusiasts and collectors due to its stylish aesthetics and collectible value [1] - The sales contract includes a clause that exempts both parties from penalties or compensation if mass production is not achieved on time, allowing for flexible risk management [1] Group 2 - The company plans to establish a joint venture responsible for the sales, operation, and promotion of consumer-grade IP robots, including emotional companion quadruped robots and humanoid robots [2] - The potential products are designed to enhance user engagement through unique and advanced features, responding to touch and voice inputs, and adapting to user preferences [2] - The company clarified that no formal agreement has been signed with Galaxy Corporation regarding the joint venture, although it holds a 16% limited partnership interest in a fund that has stakes in Galaxy [2] Group 3 - A collaboration with Galaxy is anticipated to deepen the integration of IP, AI, and robotics, with plans to establish Galaxy China for market expansion [3] - The company has formed a joint venture with Yuzhu Technology, focusing on IP robots and smart hardware, aiming to create a closed ecosystem of "content + smart hardware + new retail" [3] - The strategic shift from being an "IP creator and operator" to a "disseminator of happiness" is expected to enhance the company's core competitiveness by providing comprehensive experiences that fans can perceive, participate in, and share [3]