CR HOLDINGS Subsidiary Advises Stardust Intelligence on Multi-Hundred-Million Yuan Series B Funding

Stock News06-03

CR HOLDINGS (ASX: 01911) announced that its wholly-owned indirect subsidiary, Huaxing Pan-Asia Investment Advisory (Beijing) Co., Ltd., served as the exclusive financial advisor for the transaction. The subsidiary successfully assisted Stardust Intelligence (Shenzhen) Co., Ltd., a leader in artificial intelligence and embodied AI, in completing a Series B funding round amounting to several hundred million yuan.

This funding round attracted support from diverse investors, including industrial capital, well-known state-backed investors, leading financial investment institutions, and existing shareholders. The proceeds are intended to be primarily allocated towards advancing the iteration of AI foundational models, accumulating high-quality real-world scenario data, and expanding the research and development talent pool, thereby further enhancing the company's technical capabilities and commercialization potential.

Founded in 2022, Stardust Intelligence is a technology company focused on AI and embodied intelligence. The company's R&D follows the "AI Model — Embodied OS — Tendon-Driven Body" technological pathway. Its related products and solutions are applicable to scenarios such as commercial services, culture, tourism, entertainment, scientific research, education, and industrial manufacturing. The company has made significant progress in commercialization and project execution across multiple application areas.

The appointment of Huaxing Pan-Asia as the exclusive financial advisor for this transaction highlights the group's professional expertise in providing financial advisory services within the AI sector, its deep client relationships in the artificial intelligence and technology fields, and reflects the group's strong capability and credibility in continuously empowering innovative enterprises to achieve their strategic and financial objectives.

The group is honored to have successfully assisted Stardust Intelligence in completing multiple rounds of financing and remains firmly optimistic about its long-term leadership and development in the field of embodied intelligence.

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