HUNLICAR GROUP (03638) announced that on August 14, 2025, the company, through a wholly-owned subsidiary, jointly established a joint venture company named Hunlicar Digital Chain Technology Limited (the Joint Venture Company) with a wholly-owned subsidiary of AINNOVATION Inc. (AINNOVATION), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (02121). The Joint Venture Company has an issued share capital of HK$10 million. The company holds an 80% interest in the Joint Venture Company, making it a subsidiary of the company, and its results will be consolidated into the Group's financial statements.

The Joint Venture Company will primarily engage in businesses related to financial services, artificial intelligence, and blockchain applications, including but not limited to: 1. Leveraging the company's extensive industry experience and service network in financial services, along with AINNOVATION's artificial intelligence solution implementation capabilities, to build intelligent blockchain applications and comprehensive solutions for the financial industry, providing integrated "technology + business + application development" services to assist traditional financial institutions in transitioning to Web 3.0; and 2. Promoting the implementation of Web 3.0 applications and supporting solution services based on blockchain technology, including real-world asset and enterprise payment stablecoin systems, helping financial enterprises and various real economy enterprises achieve the on-chain transformation of financial and physical assets, realizing compliance, liquidity release, and global capital access.

The Board of Directors believes that the company and AINNOVATION share a high degree of consensus on the direction and path of technology-driven industrial transformation, and each possesses deep expertise in enterprise digitalization and intelligence across multiple aspects including technology products, solutions, consulting services, and market channels. Based on the principles of "equality and mutual benefit, complementary advantages, win-win cooperation, and common development," the collaboration between the company and AINNOVATION will enable the company to develop and build a sustainable development model driven by the dual engines of "AI + Financial Services."