Group 1: Company Overview and Development - The company introduced its development history, core team, client situation, and main business operations [2] - Joykey's positioning, core team, and IP business model were presented, along with samples of IP products [2] - The company emphasizes that internal entrepreneurship and innovation have a low success rate, but it has a comprehensive incentive mechanism in place [2][3] Group 2: IP Business and Team Structure - The IP innovation business is directly led by the co-founder and president, ensuring a diverse and innovative team [4] - The team has made significant progress in three months, including the development of an IP matrix and digital collectibles [4] - The company plans to implement a closed-loop strategy for its IP products, leveraging existing resources and creating immersive consumer experiences [5] Group 3: Product Development and Commercialization - Current IP products are still in the sample stage, with no sales available yet; pricing and mass production timelines will be determined after market evaluation [5] - The company is accelerating the commercialization of its urban tourism model, with plans to launch in Q4 2025 [6][7] - The company encourages investors to be aware of market uncertainties and investment risks [7]