Group 1 - The core point of the article is the announcement of a joint venture agreement between Fourth Paradigm (6682.HK) and Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company focused on AI technology services in the power trading sector [1] - The proposed name for the joint venture is Energy Crystal (Beijing) Technology Co., Ltd. (tentative name) [1] - Upon establishment, Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2 - The establishment of the joint venture signifies a new height in the integration of "AI + energy storage" technology, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecology [1]

Core Viewpoint - Fourth Paradigm (06682) has announced a joint venture with Beijing Haibo Sichuang Technology Co., Ltd. to establish a company focused on AI technology services in the power trading sector, marking a significant step in the integration of AI and energy storage technologies [1][2] Group 1: Joint Venture Details - The joint venture agreement is set to be established by August 4, 2025, with the proposed name being Energy Crystal (Beijing) Technology Co., Ltd., pending regulatory approval [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2: Technological Integration and Collaboration - The establishment of the joint venture signifies a new level of integration between AI and energy storage technologies, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecosystems [2] - The collaboration will leverage Haibo Sichuang's expertise in energy storage system development and management, combined with Fourth Paradigm's leading technologies in AI and smart energy [2] - The partnership will focus on advancing cooperation in power trading and energy storage asset management, exploring multi-scenario applications, and promoting the comprehensive application of AI technologies in the energy storage sector [2]

Core Viewpoint - Fourth Paradigm (06682) has announced a joint venture with Beijing Haibo Sichuang Technology Co., Ltd. to establish a company focused on AI technology services in the power trading sector, marking a significant step in the integration of AI and energy storage technologies [1] Group 1: Joint Venture Details - The joint venture agreement is set to be established by August 4, 2025, with the proposed name being Energy Crystal (Beijing) Technology Co., Ltd. [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture aims to explore and innovate in technology, application scenarios, and industrial ecology in the AI and energy storage sectors [1] Group 2: Strategic Collaboration - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with Fourth Paradigm's leading technologies in AI Agent, world models, machine learning platforms, and smart energy [1] - The partnership will focus on advancing cooperation in power trading and energy storage asset management, exploring various application scenarios [1] - The initiative aims to promote the comprehensive application of AI technology in the energy storage field through the deep integration of AI and energy storage, facilitating the intelligent upgrade of energy storage systems across their entire lifecycle [1]

Core Points - Fourth Paradigm announced a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company named Energy Crystal (Beijing) Technology Co., Ltd. [2] - The joint venture will focus on AI technology services in the field of electricity trading, with Fourth Paradigm holding a 19% stake in the new company, which will not be consolidated into its financial statements [2] - The collaboration aims to explore and innovate in the integration of AI and energy storage technologies, enhancing technical applications and industry ecosystems [2] Company Collaboration - The partnership between Fourth Paradigm and Haibo Sichuang will explore the technological boundaries of "AI + Energy Storage," injecting high intelligence capabilities into the entire energy storage business chain [3] - The joint venture is expected to contribute to global sustainable energy development by providing a "Chinese solution" [3] - Fourth Paradigm believes that the terms of the joint venture agreement are fair and reasonable, aligning with the overall interests of the company and its shareholders [3]

Core Viewpoint - The establishment of a joint venture between Fourth Paradigm and Beijing Haibo Sichuang Technology Co., Ltd. marks a significant step towards integrating AI technology with energy storage solutions, aiming for innovative breakthroughs in technology and application scenarios [1][2]. Group 1: Joint Venture Details - Fourth Paradigm has entered into a joint venture agreement with Haibo Sichuang, planning to establish a company named Energy Crystal (Beijing) Technology Co., Ltd. [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1]. Group 2: Technological Integration and Collaboration - The joint venture aims to explore deep integration of "AI + Energy Storage" technologies, leveraging Haibo Sichuang's expertise in energy storage system development and Fourth Paradigm's strengths in AI and smart energy [2]. - The collaboration will focus on electric power trading and asset management of energy storage stations, promoting the comprehensive application of AI technologies in the energy storage sector [2].

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company [1] - The joint venture is tentatively named Energy Crystal (Beijing) Technology Co., Ltd., subject to approval by the market supervision administration [1] - The new company will primarily focus on AI technology services in the field of electricity trading [1] Group 2 - The company will hold a 19% equity stake in the joint venture [1] - The financial performance of the joint venture will not be consolidated into the company's overall financial statements [1]

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a joint venture company named Energy Crystal (Beijing) Technology Co., Ltd. which will focus on AI technology services in the electricity trading sector [1] - The company will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture signifies a new level of integration between "AI + energy storage" technology, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecology [2] Group 2 - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with the group's leading technologies in AI Agent + world models, machine learning platforms, and smart energy [2] - The partnership will focus on advancing cooperation in electricity trading and energy storage asset operation management, exploring multi-scenario applications, and promoting the comprehensive application of AI technology in the energy storage sector [2] - The joint venture is expected to inject high levels of intelligence into the entire business chain of energy storage, contributing to global sustainable energy development with a "Chinese solution" [2]

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company named Energy Crystal (Beijing) Technology Co., Ltd., focusing on AI technology services in the electricity trading sector [1] - The company will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture signifies a new level of integration between AI and energy storage technology, aiming for innovative breakthroughs in technology, application scenarios, and industrial ecology [2] Group 2 - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with the group's leading technologies in AI and smart energy [2] - The joint venture will explore various application scenarios in electricity trading and energy storage asset management, promoting the comprehensive application of AI technology in the energy storage sector [2] - The agreement is deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

Core Viewpoint - The establishment of a joint venture between Fourth Paradigm and Beijing Haibo Sichuang Technology Co., Ltd. marks a significant step towards integrating AI technology with energy storage solutions, aiming to enhance the capabilities in power trading and energy management [1][2] Group 1: Joint Venture Details - The joint venture, tentatively named Energy Crystal (Beijing) Technology Co., Ltd., will focus on AI technology services in the power trading sector [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2: Technological Integration and Collaboration - The collaboration aims to explore the integration of "AI + Energy Storage" technologies, leading to innovative breakthroughs in technology, application scenarios, and industrial ecosystems [1] - The partnership will leverage Haibo Sichuang's expertise in energy storage system development and management, combined with Fourth Paradigm's advanced technologies in AI and smart energy [1] Group 3: Strategic Implications - The joint venture is expected to inject high levels of intelligence into the entire energy storage value chain, contributing to sustainable global energy development with a "Chinese solution" [2] - The terms of the joint venture agreement are considered fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Beijing Fourth Paradigm Technology Co., Ltd. 北京第四範式智能技術股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6682） 自願公告 成立合資公司 戴文淵博士 本公司董事（「董 事」）會（「董事會」）欣 然 宣 布，於2025年8月4日，本 公 司 與 北 京 海 博思創科技股份有限公司（「海博思創」）訂立合資協議（「合資協議」），內 容 有 關 （其 中 包 括）成立合資公司（「合資公司」）。建 議 合 資 公 司 名 稱 為 能 量 晶 體（北 京） 科技有限公司（暫 定 名，最 終 以 市 場 監 督 管 理 局 審 核 為 準）。合 資 公 司 將 主 要 從 事電力交易方向的AI技 術 服 務。於 成 立 時，本 公 司 將 持 ...