Core Insights - The establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., between Giant Star Legend and Yushu Technology's subsidiary Lingyi Technology, aims to develop and sell consumer-grade IP robots and derivative products, including pet quadruped robots and performer humanoid robots [1][3]. Group 1: Joint Venture Details - The joint venture will have equal ownership, with both companies holding 50% equity [1]. - Giant Star Legend will focus on IP planning, design, AI interaction, and celebrity IP licensing, while Yushu Technology will handle robot design, production, and technical research and development [3]. Group 2: Strategic Goals - This strategic collaboration is expected to help Giant Star Legend enter the smart robot industry ecosystem, enhancing the technological upgrade of IP value and expanding applications in concert and commercial performances [3]. - The partnership aims to leverage technological innovation and creative content to develop globally influential interactive entertainment smart robot products [3]. Group 3: Company Background - Giant Star Legend, established in 2017, is a Hong Kong main board listed company specializing in IP creation and operation as well as new retail [3]. - The company has developed a significant fan base, with its existing celebrity IP combinations reaching a total of 200 million fans [5].

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]