VIRTUAL MIND (01520.HK): Forms Joint Venture with Gou Si Technology to Expand AI and Continuous Learning Business, Holding 51% Equity

NewTimeSpace News: On 28 August 2026, Virtual Mind Holding Company Limited (stock code: 01520) issued a voluntary announcement that the Company had entered into an investment cooperation agreement with Gou Si Technology (Hong Kong) Co., Ltd., proposing to establish a limited liability company (the joint venture) in Hong Kong to expand its business in the fields of artificial intelligence and continuous learning.

According to the announcement, the cooperation is primarily based on existing IP content and real operating scenarios, implementing AI application-layer strategies into user-facing products, and providing users and IP creators with AI system software services that enable rapid construction of business scenarios through PaaS and SaaS models. The planned product direction of the joint venture is continuous learning agents; upon completion of the joint venture's registration, the relevant technology research results covering basic capabilities such as persistent memory, tool execution and verifiable working references are expected to be launched for trial as soon as possible.

Under the terms of the investment agreement, the Company will hold 51% of the equity interest in the joint venture, while Gou Si Technology will hold 49%. Gou Si Technology is 98% owned by Wen Rong; it and its ultimate beneficial owner are independent of and unconnected with the Company and its connected persons.

The Board considers that establishing the joint venture is the first step for the Group, on the basis of its existing IP digital ecosystem business, to implement AI application-layer strategies into user-facing products, enabling the Group to further expand its business operations in applying AI technology to the IP field, which is consistent with the Company's development strategy and in the interests of the Company and its shareholders as a whole.

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