Core Viewpoint - Tianji Holdings (01520) has signed an investment cooperation agreement with Mr. Sami Abdullah AlShammary to establish a joint venture in Saudi Arabia, focusing on the industrial IP sector, particularly in Smart Manufacturing and Robot-As-A-Service [1] Group 1: Joint Venture Details - The joint venture will operate under the framework of the Saudi Arabian Ministry of Industry and aims to expand business in the industrial IP field [1] - The registered capital of the joint venture is set at $1 million, with Tianji Holdings contributing $900,000 (90% equity) and Mr. Sami contributing $100,000 (10% equity) [1] Group 2: Strategic Intent - The company is actively seeking to expand its existing business and possesses rich AI and Web3 technologies to create a smart new consumption ecosystem covering sports, culture, tourism, and entertainment [1] - The board believes that establishing the joint venture will further enhance the company's operations in the industrial IP sector and provide returns to shareholders [1]
天机控股(01520)拟于沙特阿拉伯王国设立一间合资企业 以拓展在沙特阿拉伯王国工业IP领域的业务