MANYCORE TECH Enters Strategic Partnership with Jinyong for Global Expansion and Venture Fund

Stock News05-03 19:08

MANYCORE TECH (00068) has announced the signing of a strategic cooperation framework agreement with Jinyong Investment Limited. The parties have agreed to collaborate on global business expansion, the establishment of a venture capital fund, and capital market cooperation. Under the framework agreement, Jinyong will leverage the ecosystem resources of its affiliated entity, Hony Capital, which covers the global furniture supply chain and consumer sectors, to assist MANYCORE TECH in its worldwide business development. This collaboration aims to enhance the international competitiveness and overseas customer acquisition capabilities of both parties.

Furthermore, the parties intend to explore the joint creation of a venture capital fund focused on spatial intelligence and AI-related technologies. The fund will invest in early to growth-stage projects with global growth potential. Additionally, Jinyong will provide advisory and related financial services to MANYCORE TECH to deepen their cooperation in capital markets and corporate services. Both sides will also share industry research and market insights in areas such as spatial intelligence to support strategic decision-making.

MANYCORE TECH believes the proposed strategic collaboration under the framework agreement aligns with the strategic development needs of both parties and the principle of mutual benefit. The partnership is expected to fully leverage the respective resource and professional advantages of each party, enabling complementary strengths, mutual benefits, and shared growth, which is in the overall interests of the company and its shareholders.

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