Zhongan Smart Life (02271) and AIROBO set up a robot operation service joint venture to expand the smart property and robot operation service business

Zhitong Finance App News, Zhongan Smart Life (02271) announced that Zhejiang Zhongan Smart Technology Co., Ltd. (Zhongan Smart Technology), an indirect wholly-owned subsidiary of the company, and AIROBO (AIROBO) signed a joint venture framework agreement on August 25, 2026. Based on this, Zhongan Smart Technology and AIROBO agreed to jointly fund the establishment of a joint venture to develop robot operation services for property and community scenarios, making full use of the complementary business advantages of the company and AIROBO.

According to the framework agreement, Zhongan Smart Technology and AIROBO agreed to cooperate in the following areas, including:

(i) Registered capital and share structure: The registered capital of the joint venture is RMB 20 million, of which Zhongan Smart Technology invested RMB 12 million, accounting for 60% of the registered capital; AIROBO invested RMB 8 million, accounting for 40% of the registered capital. Both parties are invested in the form of monetary capital, and capital will be injected in batches within five years after the establishment of the joint venture.

(ii) Joint venture business: The joint venture is positioned as a robot operation service platform for property and community scenarios. The business scope includes robot operation services (such as delivery, cleaning, security patrol, equipment inspection, etc.), robot operation platform construction and services, robot integrated solution services, and value-added services such as platform services, robot services, and data interfaces. The joint venture provides sustainable and replicable robot operation solutions for the property industry through the “robot equipment+operation platform+scenario service” business model.

(iii) Governance arrangements: The board of directors of the joint venture consists of three directors, of which Zhongan Smart Technology appoints 2 directors and serves as the chairman, and AIROBO appoints 1 director; the general manager is nominated by AIROBO, and the person in charge of finance is nominated by Zhongan Smart Technology.

(iv) Intellectual property rights: AIROBO's existing robot operation platform, underlying technical architecture and software systems are AIROBO's core assets. The joint venture only obtains usage rights within the scope of cooperation and does not involve transfer of ownership. The intellectual property newly created by the joint venture belongs to the joint venture.

Through the establishment of a joint venture, the two sides will integrate resources, give full play to the advantages of collaborative development, jointly expand the property and community robot operation markets, and enhance the competitiveness of the two sides in the Chinese market and other potential markets.

AIROBO is a leading robot operation platform service provider. It is committed to building a robot operation platform and unified operation network to provide robot access, scheduling and operation management services for property and community scenarios. Ainobo (Chengdu) Technology Co., Ltd. is an indirect non-wholly-owned subsidiary of Hongyi Culture Group.

The Board believes that the establishment of a joint venture will bring more good business opportunities to the Group and allow the Group to utilize the respective strengths and/or resources of the Group and AIROBO. AIROBO is a leading service provider in the field of robot operation platforms, and the group has rich resources for property management and community service scenarios in China. By establishing a joint venture, the Group can use AIROBO's robot operation platform and technical capabilities to combine the Group's property and community scenarios to expand the smart property and robot operation service business, promote the diversified development of the Group's business, and meet the overall interests of the company and its shareholders.