MINTH GROUP (00425) plans to establish a joint venture company with Leader Harmonious Drive Systems in the United States to carry out the design, manufacturing, and commercial expansion of humanoid Siasun Robot & Automation joint module assemblies.

MINTH GROUP (00425) announced that the group has reached a framework agreement with Leader Harmonious Drive Systems on the major terms for the establishment of a joint venture company in the United States. This joint venture company will be dedicated to the design, manufacture, and commercial development of humanoid Siasun Robot & Automation joint module assemblies in North America. The group attaches great importance to the end-to-end commercial layout of Siasun Robot & Automation related products, covering the design, production, and manufacturing of core Siasun Robot & Automation components and module products. The group believes that establishing a localized assembly, delivery, upgrading, and maintenance system for humanoid Siasun Robot & Automation joint modules, and gradually achieving localized supply of core components, is crucial for the sustainable development of intelligent Siasun Robot & Automation enterprises in North America. With the group's industrialization capabilities, global layout, localized operations, and diversified customer base advantages, the group is committed to becoming a global leading first-tier supplier of localized Siasun Robot & Automation system components. According to the framework agreement, the group will join hands with Leader Harmonious Drive Systems to accelerate the expansion in the North American market. Leveraging the group's global resources and platforms, as well as Leader Harmonious Drive Systems' technical expertise in the transmission field, both parties are committed to deepening cooperation in the field of humanoid Siasun Robot & Automation joint modules through complementary advantages, achieving industrial linkage and mutually beneficial cooperation, thus opening up new sources of revenue for both parties.