CONGYU INTE AGR (00875) Signs Strategic Agreement with Octopus Intelligence to Build "AI+Low-Altitude Economy" Smart Agriculture Benchmark

Stock News11-18

On November 15, witnessed by government officials including Wang Yajun, Deputy Director of Chifeng Science and Technology Bureau, and Zhang Hongfeng, Director of Hongshan District Science and Technology Bureau, CONGYU INTE AGR (00875) formally entered into a strategic cooperation framework agreement with Inner Mongolia Octopus Intelligence Technology Co., Ltd. The partnership focuses on empowering agricultural technology platforms through "AI+low-altitude economy" and realizing the value of data elements, marking a substantial step forward in smart agriculture innovation.

This collaboration combines complementary strengths: CONGYU INTE AGR, a Hong Kong-listed company, brings large-scale, standardized agricultural application scenarios and market resources in mainland China, while Octopus Intelligence specializes in disruptive autonomous laser weeding technology, possessing core intellectual property in machine vision, AI models, and high-precision laser control.

The agreement outlines three key initiatives: 1. **Demonstration Zones for Industry Leadership**: Octopus Intelligence’s autonomous laser weeding robots will be deployed across CONGYU INTE AGR’s high-standard farmland, vegetable export bases, and herb plantations, creating a flagship "Low-Altitude Economy & AI Agriculture Demonstration Zone" to showcase SaaS-driven operations. 2. **Joint R&D for Innovation**: The two parties will establish an "AI Algorithm Joint Lab for Smart Agriculture" to tackle challenges in crop perception and decision-making under complex field conditions, while jointly applying for national and regional R&D grants. 3. **Data Asset Co-Creation**: Plant-level growth data, field environment metrics, and high-resolution weed mapping generated through the partnership will be jointly owned as strategic digital assets, positioning both firms for future data-driven markets.

Octopus Intelligence’s flagship product—a high-performance autonomous laser weeder—integrates unmanned navigation, AI vision, and precision laser technology, achieving 40x higher efficiency than manual labor, over 95% weed removal, and less than 5% crop damage, eliminating chemical herbicides. With 70.6% of its workforce in R&D and 33 patents filed by August 2025, the company has won top awards in agricultural robotics and secured recognition from state media and ministries.

Prior collaborations with entities like Beidahuang Group and Yazhou National Seed Lab validate Octopus Intelligence’s technology. This partnership with CONGYU INTE AGR represents a fusion of capital markets and cutting-edge agritech, aligning with national strategies to modernize farming through AI and low-altitude solutions. Together, they aim to address rural labor shortages, enhance food security, and promote sustainable agriculture with scalable models for global adoption.

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