HK Stock Market Move | CHINA BEST (00370) rises over 7% again, with accumulated growth of over 240% within the year. The company collaborates with Dalian Huashuo to expand into the humanoid Siasun Robot & Automation field.

CHINA BEST (00370) surged over 7% in early trading, with a cumulative increase of over 240% so far this year. As of the time of writing, it was up 2.5% at HK$0.82, with a turnover of HK$2.8941 million. On the news front, CHINA BEST previously announced plans to establish a joint venture company with Datado and collaborate on the technology and products related to the humanoid Siasun Robot & Automation in Hong Kong. The joint venture company aims to develop the civil product market for the humanoid Siasun Robot & Automation operating system. Datado is a Chinese unicorn company with a leading global position in the field of humanoid Siasun Robot & Automation in China, with core technology, numerous patents, and innovative products in humanoid Siasun Robot & Automation operating systems and cloud brain platforms, multimodal large models, and humanoid Siasun Robot & Automation smart joints. The board of directors of CHINA BEST believes that signing the framework agreement will help fully utilize the strengths of both parties in different fields to jointly expand the business related to humanoid Siasun Robot & Automation. The joint venture company is planned to be established in Hong Kong, which will better align with China and Hong Kong in leading the direction of ShenZhen New Industries Biomedical Engineering and industrial policies, and Hong Kong's unique advantages will provide good opportunities for business development. The board of directors believes that the cooperation planned under the framework agreement will bring satisfactory returns to the group in the long run, and further strengthen its income and profit base.