Redick: proposed to jointly establish a joint venture company.
Ledit Announcement: The company intends to jointly invest in the establishment of Zhejiang Leiao Robotics Co., Ltd. with Shanghai Aoyi Information Technology Co., Ltd., with a registered capital of 100 million yuan. The company will contribute 90 million yuan in capital from its own funds, accounting for 90%, and Aoyi Technology will contribute 10 million yuan from its own funds, accounting for 10%. After the completion of this transaction, the company will hold 90% equity of the joint venture company, which will become a subsidiary of the company and be included in the company's consolidated financial statements.
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