On November 5, Little Yellow Duck De Ying (02250.HK) announced that its indirectly wholly-owned subsidiary, De Ying Holdings Investment Limited, has entered into a shareholders' agreement with Hong Kong Haixin Lihua Technology Co., Ltd. The two parties will establish and operate a joint venture company in Hong Kong. The joint venture partner is primarily engaged in the trading of computer components, computing power servers, and modules. Under the agreement, De Ying Holdings and the joint venture partner will subscribe for 55% and 45% of the joint venture company's issued shares, respectively. The joint venture company will be accounted for as a subsidiary, and its financial results will be consolidated into the Group's financial statements. The joint venture will pursue artificial intelligence and intellectual property (AI+IP) business, encompassing the research and development, manufacturing, sales, and distribution of intelligent hardware and robotic products, complete servers and computing power chip modules, intellectual property licensing and content operations, as well as computing power-related technical services.