Zhitong Finance App News, Qishida (06918) announced that on July 14, 2026, Heying Capital Management Co., Ltd. (Heying), a non-wholly-owned subsidiary of the company, signed a non-legally binding memorandum of understanding with Fano Labs Limited (Fano Labs).
The memorandum of understanding involves a potential collaboration on establishing a long-term strategic partnership to jointly develop artificial intelligence (AI) models and intelligent application solutions. The cooperation aims to establish AI models and intelligent application solutions for specialized financial services, and to use data-oriented accurate marketing to support and enhance applicable business operations.
According to the terms of the strategic cooperation, Heying will rely on its mature compliance structure to ensure the compliance execution and smooth commercial implementation of cooperation projects. Heying will contribute its core resources, including compliant financial business operating scenarios and industry-specific data, as well as mature market channels, brand assets, professional operations and business support.
At the same time, Fano Labs will provide the basic technical backbone required for the actual implementation of the project, and will be mainly responsible for technology research and development, model iteration, system engineering, and regular technology upgrades. To support these initiatives, Fano Labs will provide core resources, including its dedicated AI R&D team and proprietary model technology, algorithm capabilities, and computing power resources.
As the global digital transformation process accelerates, financial regulations are becoming more stringent, and the demand for compliant and efficient financial AI solutions is growing steadily. The board of directors believes that expanding into the financial services sector, driven by innovation in fintech and digital finance, will bring significant growth opportunities to the Group.
By integrating Heying's deep financial industry expertise with Fano Labs' leading AI technology, the partnership aims to achieve deep integration of technology and industry practice. It is expected that this move will drive business innovation, improve operational efficiency, cultivate new growth momentum, and enhance the Group's overall technical capabilities.
This collaboration will promote synergy among the Group's business divisions. In addition to fintech, dedicated AI technology will also upgrade core traditional operations through accurate marketing and enhanced consumer positioning. These AI solutions will initially be used internally by the company to optimize the business lines of the company segment, and may later be extended to external parties. Ultimately, this partnership will help the Group broaden its revenue streams, revitalize existing businesses, and achieve sustainable business growth. Accordingly, the Board believes that the conclusion of the Memorandum of Understanding is in the overall interest of the Company and its shareholders.
The company has launched a new insurance brokerage service through Heying, completed the acquisition of 70% of its shares from April 30, 2026, and will continue to operate the existing smart toys, electronic products and electronic components business. Potential business development initiatives aim to explore growth opportunities in more profitable emerging industries while injecting technological innovation into core business units, thereby enhancing the Group's sustainability and creating greater overall value for the company's shareholders.