On November 11, Redic made public its signing of a strategic cooperation pact with Oyi Technology. The duo intends to pool a total investment of 100 million yuan to set up Zhejiang Leao Robotics Co., Ltd. This new entity will concentrate on the exploration, development, and utilization of technologies pertinent to robotic dexterous hands. Specifically, Redic will inject 90 million yuan, securing a 90% ownership stake. As a result, the joint venture will transform into a subsidiary majority-owned by Redic and will be integrated into its consolidated financial statements. Moreover, within the forthcoming 12-month span, Zhejiang Leao Robotics has outlined plans to acquire core component products from Oyi Technology, with the transaction value not surpassing 10 million yuan. Concurrently, Redic is set to supply mechanical structural component products to Oyi Technology, with the sales not exceeding 3 million yuan during the identical timeframe.