VIRTUAL MIND (01520) saw its shares rise more than 13%. At the time of writing, the stock was up 11.48%, trading at HK$0.68 with a turnover of HK$1.1228 million. The company recently announced that its wholly-owned subsidiary, Beijing 1520 Technology Co., Ltd., has established a joint venture in Chengdu, China, named Chengdu Tianhe Xinrui Precious Metals Co., Ltd., in partnership with Beijing Xiuman Technology Co., Ltd. The joint venture has officially commenced operations, with all work progressing smoothly. It has successfully obtained trading qualifications from the Shanghai Gold Exchange, marking a solid step for the group in integrating precious metals with sports industry intellectual property. VIRTUAL MIND is currently actively applying for membership in the international segment of the Shanghai Gold Exchange. If approved, this will help the group connect international and domestic markets, leveraging its strengths in the sports industry and IP empowerment to build a more comprehensive business ecosystem. The board believes that the establishment and qualification acquisition of the joint venture will provide a solid foundation for the group's business development and offer strategic advantages.