Core Points - The announcement involves the establishment of a joint venture company, Yabo Technology Limited, and the granting of options to subscribe for new shares of the company under the joint venture shareholder agreement [1] - The joint venture agreement was signed on January 19, 2007, between Ladbroke Group, Maxprofit Investment Holdings Limited, the joint venture, and Ladbrokes Coral Group Limited, focusing on product management, development, sales, distribution, and related services [1] - Due to changes in the business environment and strategy, the parties agreed to terminate the joint venture agreement effective August 1, 2025, along with the cessation of operations of its sole subsidiary, Yabo Taike Technology (Beijing) Limited [1] - The board believes that voluntarily ending the joint venture and its sole subsidiary will not have a significant adverse impact on the group's existing business and aligns with the overall interests of the company and its shareholders [2]