PHOENITRON HOLD (08066) announced that on November 14, 2025, Dongchuang (a wholly-owned subsidiary of the Company), Cyber Illusion (another wholly-owned subsidiary of the Company), and Hangzhou Tiankuisheng signed a technology development agreement. Under the agreement, both Dongchuang and Cyber Illusion engaged Hangzhou Tiankuisheng to develop a platform for a consideration of RMB 14.52 million.

The platform to be developed under the agreement is a customized solution utilizing artificial intelligence for voice data collection, processing, and training. Upon successful development, the platform is expected to serve no fewer than 2,000 target users, with system response time not exceeding 50 microseconds and speech recognition accuracy of at least 98.7%.

As disclosed in the Company's interim report for the six months ended June 30, 2025, Cyber Illusion's strategic objective is to establish a first-mover advantage globally by creating a leading voice training database with emotional annotation. This innovation aims to develop voice recognition agents capable of detecting and responding to human emotions—a feature that significantly enhances user experience and practical interaction applications.

By pioneering such emotionally annotated databases, Cyber Illusion seeks to strengthen its leadership in the competitive AI voice technology sector, creating long-term value for the Company through technological differentiation and market dominance.

As of the announcement date, Cyber Illusion has developed proprietary voice algorithm technology, for which a national invention patent application is currently pending.

To enhance Cyber Illusion's training data capabilities and leverage synergies with Dongchuang's pan-entertainment digital ecosystem membership e-commerce platform, the Board believes that an integrated AI technology platform covering the full chain from data collection to algorithm application will bolster the Group's capabilities in providing AI voice technology data services.