JOY SPREADER (06988) signed a "Framework Cooperation Agreement" with Volcano Engine.

JOY SPREADER (06988) announced that in order to deepen the strategic layout of artificial intelligence (AI), strengthen core technological competitiveness, the company signed a "Framework Cooperation Agreement" with Beijing Volcano Engine Technology Co., Ltd. ("Volcano Engine") on March 11, 2026. The company relies on Volcano Engine's technological advantages in big data, cloud computing, and live streaming to provide technical services, including the Doubei big model. The two parties have set up a special project team to integrate and customize product solutions, driving the implementation of technological achievements. The framework agreement is valid until March 31, 2027, with specific cooperation details to be agreed upon in separate agreements. Volcano Engine is ByteDance's core platform for cloud and AI services, with deep technological accumulation in cloud computing, AI big models, AIGC, and e-commerce live streaming. Its self-developed Doubei big model, Seedance AI video generation technology, and GEO technology system can provide the company with all-scenario enterprise-level AI and digital solutions. This cooperation is an important milestone for the company to advance its AI strategy and business transformation, focusing on the implementation of AI, AIGC, and GEO technologies. It has significant strategic significance for enhancing operational efficiency and long-term value growth of the company.