Royale Home Holdings Limited. announced that it has entered into a strategic partnership with Avalon Biomedical Management Limited and its subsidiary Avalon SteriTech (BVI) Limited. The Company has also signed letters of intent with Avalon Biomedical Management and its subsidiary Avalon Steritech to set up two joint ventures in Mainland China.

SoftBank Robotics Group Corp. ("SBRG") today announced its strategic equity investment in Avalon SteriTech ("Avalon"), marks a great step forward in strengthening the companies' collaboration since its joint venture was established in March 2021. Upon the completion of the transaction, SBRG will own approximately 5% stake in Avalon's disinfection business.

Avalon SteriTech and SoftBank Robotics announced a joint venture focusing on the development of innovative products and technologies that strive to empower and benefit public health and well-being