Core Viewpoint - The company announced the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., in collaboration with Beijing Lingyi Technology Co., Ltd., focusing on consumer-level IP robots and related derivative products [2] Group 1 - The joint venture agreement was signed on November 11, involving the company's wholly-owned subsidiary, Xing Chuang Yi (Kunshan) Cultural Entertainment Co., Ltd., and Lingyi Technology's wholly-owned subsidiary [2] - Both parties will hold a 50% equity stake in the joint venture, indicating a balanced partnership [2] - The primary responsibilities of the joint venture will include the creation, development, operation, promotion, and sales of consumer-level IP robots and derivative products [2]