AOM International Subsidiary to Form Joint Venture for Global Health Data Asset Platform

AOM International (00381) announced that its wholly-owned subsidiary, Kiu Hung Investment (Asia) Limited, has joined with a joint venture partner to establish Ying Yang Intelligent Technology Co., Ltd.

The joint venture is being set up to build a global health data asset operating platform for the group, with the joint venture partner fully responsible for its actual operations.

The cooperation combines the advantageous resources of both parties, integrating the Harvard core technology, AI smart ring, and leading "health data assetization (RWA) and SaaS model" held by the joint venture partner with the company's health consumer product projects including Chinese herbal medicine, tea, and yellow wine. This combination can rapidly convert technology into physical revenue and digital assets.

The company will mainly contribute its listed company credit, compliant disclosure channels, and provide Hong Kong office space, licenses, and other compliant operating qualifications, while also appointing one director and a financial officer to control funds and risk management.

The joint venture partner will be responsible for bringing in the supply chain for anti-aging products and AI hardware, core intellectual property, R&D team, and global channels, and will appoint a team to take full charge of the joint venture's operations.

In response to the national strategic opportunity of "active health and aging," the joint venture partner has already deeply participated in national key research and development programs. Through this cooperation, the company can directly enter the huge market of medical-grade out-of-hospital follow-up and digital health services representing future trends.

The board believes that the establishment of the joint venture aligns with the group's investment strategy of seeking business opportunities and intends to invest in high-quality businesses with good potential that can expand the group's operations. The establishment of the joint venture will provide the company with an opportunity to diversify the group's income sources and enhance shareholder value.