Core Viewpoint - New Idea Group (08412) announced the establishment of a joint venture with Chinese citizen Liu Wei, focusing on the food and beverage industry in Chengdu, China [1] Group 1: Joint Venture Details - The joint venture, tentatively named Sichuan New Qichen Technology Co., Ltd., will be registered in Chengdu, China [1] - The ownership structure will see New Idea Group's subsidiary holding 70% and Liu Wei holding 30% of the joint venture [1] - The financial performance of the joint venture will be consolidated into the group's financial statements [1] Group 2: Business Focus - The joint venture will initially focus on developing and operating comprehensive tea beverage experience stores in mainland China [1] - These flagship stores will integrate high-end tea beverage services, modern retail, and cultural experiences, aiming to redefine consumer interaction in the tea beverage industry [1]

Core Viewpoint - New Idea Group (08412) announced the establishment of a joint venture with Chinese citizen Liu Wei, focusing on the food and beverage industry in Chengdu, China [1] Group 1: Joint Venture Details - The joint venture, tentatively named Sichuan New Qichen Technology Co., Ltd., will be registered in Chengdu and will primarily engage in wholesale and retail distribution of food and beverage, catering services, and related products [1] - After the establishment of the joint venture, the ownership will be divided with New Idea Group's subsidiary holding 70% and Liu Wei holding 30% [1] - The financial performance of the joint venture will be consolidated into the group's financial statements [1] Group 2: Business Focus - In the initial phase, the joint venture will concentrate on developing and operating comprehensive tea beverage experience stores in mainland China [1] - These flagship stores will integrate high-end tea beverage services, modern retail, and cultural experiences, aiming to redefine consumer interaction in the tea beverage industry [1]