TA YANG GROUP Surges Over 13% in Afternoon Trading on Plans to Form Joint Venture for AI Companion Robots

Deep News
02/09

TA YANG GROUP (01991) saw its shares surge more than 14% during the trading session. At the time of writing, the stock was up 13.33%, trading at HK$0.85.

The company recently announced that it has entered into an irrevocable strategic cooperation agreement with CONSCIOUSNESS FOUNDATION LTD. The core elements of the agreement include plans to jointly establish a合资公司 and engage in deep collaboration on the "Silicon Buddy" AI smart hardware project. This initiative will focus on the research and development, production, global sales, and continuous iteration of the X-Mart brand AI trendy companion robots. This move signifies that the group's AI strategy has officially entered the phase of physical product implementation.

It is reported that the partner, CONSCIOUSNESS FOUNDATION LTD., possesses an experienced team and resources in consumer product design and global sales operations. Furthermore, it has already secured definitive purchase agreements, which are expected to rapidly facilitate the market launch of the AI robot products. The Board of Directors believes that this cooperation and the establishment of the joint venture will propel the group to achieve a breakthrough presence in the field of AI-driven robotics. This step completes the industrial chain闭环 for the group, spanning from AI technology research and development to the implementation of physical products, thereby further advancing its Web 4.0 strategy.

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