Zhitong Finance App News, Right Knowledge International (00381) announced that Qiaoxiong Investment (Asia) Co., Ltd. (Qiaoxiong Investment), a wholly-owned subsidiary of the Company, and a joint venture partner recently jointly funded the establishment of Yingyang Intelligent Technology Co., Ltd. (Joint Venture).
The joint venture was established to build a global health data asset operation platform for the Group, and the joint venture partners are solely responsible for the actual operation. The cooperation integrates the superior resources of both parties, and reorganizes Harvard's core technology, AI smart ring, and leading “health data capitalization (RWA) and SaaS model” owned by the joint venture partner with the company's health consumer goods projects such as Chinese herbal medicine, tea, and rice wine. The combination of the two can quickly transform technology into physical revenue and digital assets.
The Company mainly exports credit and compliance disclosure channels for listed companies, and provides Hong Kong office space, license and other compliance management qualifications. It is also responsible for appointing a director and financial officer to control capital and risk control. The joint venture partner is responsible for introducing the supply chain, core intellectual property rights, R&D teams and global channels for anti-aging products and AI hardware, and appoints the team to be fully responsible for the operation of the joint venture.
In line with the “Active Health and Ageing” national strategic opportunity, joint venture partners have participated deeply in national key research and development plans. By cooperating with it, the company can directly enter the huge market for medical-grade outpatient care and digital health services representing future trends.
The board of directors believes that the establishment of a joint venture is in line with the Group's investment strategy for seeking business opportunities, and is interested in investing in high-quality businesses with good potential to expand the Group's business. The establishment of a joint venture will provide the Company with an opportunity to diversify the Group's revenue sources and enhance shareholder value.