B.DUCK SEMK (02250.HK): Forms 55%-Owned JV for AI Computing and IP

NewTimeSpace News: B.Duck Semk Holdings International Limited (stock code: 02250) announced that on 5 November 2026 its indirect wholly-owned subsidiary Semk Holdings Investment Limited signed a shareholders' agreement with Hong Kong Haixin Lihua Technology Limited to set up and operate a joint venture in Hong Kong, subscribing 55% and 45% of its issued shares respectively. The joint venture will be consolidated as a subsidiary of the Company. It has not yet been established, and the partner and its ultimate beneficial owners are third parties independent of the Company and its connected persons.

The joint venture will run AI and intellectual property (AI+IP) businesses, covering the development, manufacturing, sale and distribution of smart hardware and robotic products, complete servers and computing chip modules, IP licensing and content operation, and computing-related services. The Group will license the B.Duck brand, its IP portfolio, content, brand and channel resources to the venture, while the partner contributes AI, computing and smart hardware capabilities and its core team and runs daily operations through its nominated general manager.

The Board said the venture combines the B.Duck IP portfolio and brand expertise with the partner's AI, computing and hardware engineering capabilities, aiming to commercialise IP assets in generative AI software, smart hardware and robotics and to build AI and IP-related software, computing hardware and services revenue alongside licensing income. As all applicable percentage ratios are below 5%, the agreement is not a discloseable transaction under Chapter 14 nor a connected transaction under Chapter 14A. Shareholders are advised to exercise caution when dealing.