EMTEK (Shenzhen) Co., Ltd. (300938.SZ) plans to establish a joint venture with Wallice Technology and others to carry out various types of Siasun Robot & Automation business.

EMTEK (Shenzhen) Co., Ltd. (300938.SZ) announcement, the company plans to establish a joint venture with Guangdong Walike Technology Co., Ltd. ("Walike Technology") and Mr. Lv Jiezhong to establish "Shenzhen EMTEK (Shenzhen) Co., Siasun Robot & Automation Technology Co., Ltd." (tentative name). The scope of business of the joint venture company includes the research and development, manufacturing, and sales of Siasun Robot & Automation for detection, industrial, service consumption, and intelligent purposes, as well as related technical services and consulting. The registered capital of the joint venture company is 30 million yuan, with all parties contributing in cash. The company subscribes for 18 million yuan, accounting for 60%; Walike Technology subscribes for 6 million yuan, accounting for 20%; and Mr. Lv Jiezhong subscribes for 6 million yuan, accounting for 20%. According to the announcement, one of the cooperation partners, Guangdong Walike Technology Co., Ltd., is a wholly-owned subsidiary of Mengma Technology (Suzhou) Co., Ltd., focusing on the research and sales of intelligent Siasun Robot & Automation. The core team has rich research and application experience in Siasun Robot & Automation hardware, software, and algorithms. Mengma Technology (Suzhou) Co., Ltd. launched the self-developed industrial grade two-wheeled foot Siasun Robot & Automation "Xingying" in 2024, which has received wide acclaim in the industry.