In the afternoon trading session, the share price of Giant Star Legend experienced a remarkable upward surge, at one juncture climbing by a staggering 20% to hit HK$10.01. As of the moment of this report, the price had still climbed a significant 15.47%, with the shares trading at HK$9.63 and a trading volume surpassing HK$200 million.

On the news front, Giant Star Legend released a midday announcement on November 11, revealing that its wholly-owned subsidiary, Xingchuangyi, had entered into a cooperation agreement with Lingyi Technology, a wholly-owned subsidiary of Unitree Technology. Under the terms of this agreement, both entities will hold an equal 50% stake in a newly established joint venture, Yuxing Entertainment Technology. This joint venture will concentrate its efforts on the development of consumer-grade IP robots and IP-derived products.

This strategic collaboration is poised to grant Giant Star Legend entry into the thriving intelligent robot industry ecosystem. Moreover, it is expected to foster a profound technological integration between Giant Star Legend and Unitree Technology, paving the way for future advancements and innovations.