Momentum Fin (ASX: 01152) has announced that its wholly-owned subsidiary, Shanghai Duofeng Network Technology Co., Ltd., entered into a cooperation framework agreement with JD Technology Information Technology Co., Ltd. on June 24, 2026.
The agreement outlines a strategic partnership where Shanghai Duofeng will leverage its strengths in industrial chain and channel resources, while JD Technology will contribute its expertise in intelligent computing and its JoyAgent token platform.
The collaboration will focus on the construction of large model platforms, the development of artificial intelligence agent application scenarios, and token supply.
It is important to note that the framework agreement represents a statement of intent between the parties. Any specific projects undertaken will be detailed in separate, definitive agreements.
As of the announcement date, the company has not yet signed any legally binding contracts with JD Technology for such specific projects.
The framework agreement is set to remain in effect for a period of 36 months.
JD Technology, building upon its existing mobile top-up services, is increasing its investment in the artificial intelligence sector and has recently expanded its business portfolio to include token sales.
The board of Momentum Fin views this strategic shift by JD Technology as opening up new business opportunities for the company to pursue.
The board believes entering into this framework agreement will enable the company to utilize JD Technology's technical capabilities and platform resources to develop its own token sales business.
This move is expected to maximize the company's business value and benefit its shareholders, making the agreement in the overall interest of the company and its stakeholders.