SCHOLAR EDU (01769) and Shenzhen Huaxia Junyong have established a joint venture company to research and develop artificial intelligence for education, Siasun Robot&Automation.

SCHOLAR EDU (01769) announced that on November 4, 2025, the group has entered into a joint venture agreement with Shenzhen Huaxia Junyong to establish a joint venture company with a registered capital of RMB 385 million to develop and expand education-related artificial intelligence Siasun Robot&Automation. According to the terms of the joint venture agreement, the registered capital of the joint venture company will be RMB 385 million. The group and Shenzhen Huaxia Junyong will respectively contribute RMB 115.5 million and RMB 269.5 million to the registered capital of the joint venture company. After the establishment of the joint venture company, the group and Shenzhen Huaxia Junyong will respectively hold 30% and 70% equity in the joint venture company. Therefore, the joint venture company will be accounted for as an associated company of the group, and its financial performance will be included in the group's comprehensive financial statements using the equity method. The company believes that the development and expansion of education-related artificial intelligence Siasun Robot&Automation will complement the group's existing business and generate synergies for the overall business development of the group. Establishing the joint venture company can accelerate the group's entry into the education-related artificial intelligence Siasun Robot&Automation industry and promote the overall business development of the group. Through the network and resources of the joint venture company, the group can access diversified and advanced equipment and technology, enhance technological development capabilities, accumulate valuable experience and technical knowledge, and improve the group's competitive advantage in the field of education-related artificial intelligence Siasun Robot&Automation. For example, education-related artificial intelligence Siasun Robot&Automation can use high-resolution scanning cameras to recognize handwritten characters and complex formulas to assist in teaching, provide step-by-step answers and learning analysis for students, offer real-time interactive feedback, and provide behavior analysis for teachers to help them personalize teaching.