Scholar Education Group has announced the formation of a joint venture with Shenzhen Huaxia Junyong. The new company will be established with a registered capital of RMB385 million and will focus on the research and development of educational artificial intelligence robots. This partnership aims to strengthen Scholar Education Group's technological capabilities and enhance its competitive edge in the educational AI robotics sector. The joint venture will be accounted for as an associate company and is classified as a discloseable transaction under Hong Kong Stock Exchange rules.
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