CHINA WANTIAN (01854) announced that on July 28, 2026, its indirect wholly-owned subsidiary, Shenzhen Wantian Artificial Intelligence Technology Co., Ltd. (Wantian AI Technology), has entered into a strategic framework agreement with Hunan Xingchen General Robotics Co., Ltd. (Xingchen Robotics).
The agreement covers a proposed strategic cooperation in areas including embodied AI robot products, a government embodied AI scene opening center, and intelligent solutions related to urban governance, public services, and smart government affairs.
The partnership between Wantian AI Technology and Xingchen Robotics aims to leverage their complementary strengths in the commercialization and application of embodied AI robot products and related intelligent solutions. Xingchen Robotics possesses advanced embodied AI technology and robot product development capabilities, while Wantian AI Technology is supported by the group's industry resources, commercial networks, government-related channel resources, and market development capabilities.
This cooperation is expected to promote the commercialization and large-scale application of embodied AI technology and robot products in government, urban governance, public services, and various other scenarios.
Details of the Strategic Framework Agreement
Under the agreement, Wantian AI Technology and Xingchen Robotics will leverage their respective strengths and capabilities to drive cooperation in four main areas:
(i) Product Supply and Technical Cooperation – Xingchen Robotics will prioritize providing robot products, embodied AI solutions, and related technical support services to Wantian AI Technology and its affiliated entities. Wantian AI Technology will use its industry resources and market capabilities to promote the application of these products and solutions across different scenarios.
(ii) Marketing and Brand Cooperation – Both parties will jointly conduct marketing and promotional activities. Xingchen Robotics will provide technical expertise and industry application cases, while Wantian AI Technology will offer channel resources, brand promotion, and commercial operational support. They plan to establish a new brand in the field of full-stack embodied AI technology and robot hardware solutions.
(iii) Application Scenario Implementation and Solution Development – The two parties will jointly develop comprehensive solutions based on embodied AI robot technology, focusing on various application scenarios including but not limited to the government embodied AI scene opening center, urban governance, public services, and smart government affairs. Wantian AI Technology will use its resource and channel advantages to facilitate the large-scale implementation and operation of these solutions.
(iv) Business Model Exploration – Both parties will jointly explore diversified business models, including government project cooperation, technology service provision, and operational and maintenance value-added services. By combining Wantian AI Technology's commercial resources with Xingchen Robotics' technical capabilities, the aim is to accelerate the commercialization and market penetration of embodied AI technology and robot products.
Management's View
The board believes that the strategic cooperation under the agreement provides the group with an opportunity to expand its presence in the AI and robotics industry, particularly in embodied AI applications. This cooperation is expected to promote the commercial implementation of advanced robotics technology, while the group continues to accumulate experience in the technology sector and prepare for the potential development of its AI and robotics business.
The board considers the signing of the strategic framework agreement to be in line with the group's long-term business development strategy and in the overall interests of the company and its shareholders. The board emphasizes that the strategic framework agreement serves as a basic framework for future cooperation between Wantian AI Technology and Xingchen Robotics and does not constitute any substantive rights or obligations for any of the parties involved.
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