MOMENTUM FIN(01152.HK): Wholly-owned Subsidiary Shanghai Duofeng Signs Framework Cooperation Agreement with JD Technology to Develop Large Model Platforms and AI Agents
NewTimeSpace News: Momentum Financial Holdings Limited (01152.HK) issued an announcement on 24 June. Its wholly-owned subsidiary Shanghai Duofeng Network Technology Co., Ltd. has signed a framework cooperation agreement with JD Technology Information Technology Co., Ltd. The two parties plan to cooperate on the construction of large model platforms, development of AI agent application scenarios and token supply, with a term of 36 months. Separate formal agreements will be executed for specific projects, and this framework agreement only sets out non-binding cooperation intentions. The Company stated it will leverage JD Technology’s technical resources to develop new business lines.
NewTimeSpace News: On 24 June 2026, Momentum Financial Holdings Limited (01152.HK) released a voluntary announcement, disclosing that Shanghai Duofeng Network Technology Co., Ltd., its wholly-owned subsidiary, entered into a framework cooperation agreement with JD Technology Information Technology Co., Ltd. on the same day. The parties will cooperate in three areas: construction of large model platforms, development of application scenarios for artificial intelligence agents, and token supply.
Under the agreement, Shanghai Duofeng will leverage its industrial chain and channel resource strengths, while JD Technology will deploy its advantages in intelligent computing and its JoyAgent token platform. The framework agreement is valid for 36 months and merely reflects the parties’ cooperation intentions; separate legally binding agreements will be signed for individual specific projects. As at the date of the announcement, the Company has not executed any legally binding agreements for any concrete projects.
As an affiliate of JD Group, JD Technology focuses on technology-enabled services for diverse industries, covering artificial intelligence, big data, cloud computing, the Internet of Things and other sectors. The Company commented that this cooperation will enable it to develop token sales business by drawing on JD Technology’s technical capabilities and platform resources, so as to maximise the Company’s business value and shareholders’ interests.
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