The board of CEN PLAZA HOTEL (08315) has announced that on 28 August 2026, its wholly-owned subsidiary, Shenzhen Nova Star Robot Co., Ltd., entered into a company charter agreement with Shenke Sliding Bearing Co., Ltd. ("Shenke") and Mr. Weng Zhenhua for the establishment of a limited liability company, Zhejiang Zhouxingzhe Technology Co., Ltd., in the PRC.
Per the charter, the new entity will have a registered capital of RMB 10 million. Nova Star, Shenke, and Mr. Weng will contribute RMB 4.8 million, RMB 1.98 million, and RMB 3.22 million, respectively, securing equity stakes of 48.0%, 19.8%, and 32.2% in the venture. The new company will initially focus on specialised industrial robots for demanding operational conditions, targeting complex processes like welding, grinding, machining, and assembly within precision manufacturing and high-end equipment sectors. It aims to provide integrated automation solutions, building a solid client base and a comprehensive process database through practical deployment.
Building on this foundation, the new company will extend upstream along the industrial chain, gradually developing in-house capabilities for core components such as motion control and precision transmission, alongside a platform-based approach for complete machines. This strategy will enable a transition from specialised applications towards general-purpose industrial robots. Over the medium to long term, the company plans to strategically position itself in embodied intelligent humanoid robotics, leveraging the control, perception, and manufacturing technology base accumulated in industrial settings. In the near term, it will concentrate on semi-structured service environments, including hotels and restaurants.
The ultimate objective is to create a comprehensive robotics enterprise that integrates core technology R&D, scaled industrial production, and specialised scenario deployment across the entire industry chain. The company stated that establishing the new venture allows the group to leverage its capital platform advantages as a Hong Kong-listed entity and its exceptional resource integration capabilities. These strengths will be combined with Shenke's robust industrial manufacturing base, well-developed supply chain system, and engineering conversion capabilities, as well as Mr. Weng's extensive industry experience.
The board believes that the group's broad corporate network and strategic resources, accumulated through its commercial consulting and asset management operations, will enable it to provide comprehensive business support and facilitate connections between upstream and downstream partners in the industry chain. Together with Shenke's proven strength in rapidly transforming cutting-edge technology into high-reliability industrial-grade products, this collaboration is expected to significantly accelerate the group's technology commercialisation process and successfully execute the strategic roadmap from specialised industrial scenario robots to embodied humanoid robots.
This initiative is not only anticipated to help the group seize significant opportunities in artificial intelligence and advanced manufacturing, thereby diversifying its revenue streams, but also to lay a solid foundation for the group's long-term strategic transformation and high-quality growth.