Core Viewpoint - Li Xiao has increased his stake in Xiaoyu Yingtong (00139) by acquiring 950,000 shares at a price of HKD 0.34 per share, totaling HKD 323,000, bringing his total holdings to 61,429,200 shares, which represents 5% of the company [1] Group 1 - Li Xiao's recent purchase of 950,000 shares indicates a bullish sentiment towards Xiaoyu Yingtong [1] - The total investment amount for this acquisition was HKD 323,000 [1] - Following this transaction, Li Xiao's total shareholding in Xiaoyu Yingtong reached 61,429,200 shares [1] Group 2 - The new holding percentage of 5% reflects a significant ownership stake in the company [1] - The acquisition price of HKD 0.34 per share suggests a strategic entry point for Li Xiao [1] - The transaction occurred on November 20, indicating recent activity in the stock [1]

本次发布会上的一大亮点，是小鱼盈通与浙江出海数字技术有限公司（以下简称"浙江出海"）共同签署 了战略合作备忘录。这也是继2025年8月小鱼盈通公告拟投资浙江出海后的深度合作落地，标志着双方 从资本绑定走向业务协同的全面升级。 此次战略合作实现了技术、内容、渠道的三重互补：小鱼盈通将依托"去中心化第一平台"的内容生态与 AIGC技术优势，以及全球三大短剧内容平台的载体支撑，全面整合浙江出海旗下百川短剧丰富的IP储 备与成熟制作能力，快速完成短剧内容的海外本地化投放与数据化运营；浙江出海则将借助小鱼盈通的 上市公司资源，进一步丰富其服务生态。双方携手打造"内容+技术+全球营销"的短剧"出海"闭环，共同 挖掘海外增量市场，彰显了小鱼盈通以全球视野布局短剧产业的战略决心。 （文章来源：证券日报） 同时，发布会现场公布了企业全新的VI，启动了全新官网，以全新品牌形象彰显战略升级决心，进一 步强化了"不仅是内容生产者，更是以技术和生态赋能全行业的解决方案提供者与规则定义者"的立体格 局。 本次发布会上，系统阐述了小鱼盈通以技术重构短剧行业价值链的开放生态战略，公司凭借去中心化短 剧生态建设与SaaS版权集成管理平台的核心 ...

Core Viewpoint - The short drama industry is at a critical juncture, with Xiaoyu Yingtong (00139) successfully hosting a strategic upgrade conference, showcasing its comprehensive transformation into a short drama technology company and initiating a new chapter in global development [1] Group 1: Strategic Upgrade and Market Positioning - Xiaoyu Yingtong has established itself as the "first stock in short drama technology," gaining recognition in the capital market and solidifying its market value and benchmark position [2] - The CEO, He Xuqiong, emphasized the company's core gene of "seeking innovation and change," marking a significant upgrade to a short drama technology company and redefining the emotional value and technological mission of short dramas [2] - The company has completed a full transformation into the short drama industry, creating a closed-loop of five business segments: copyright, distribution, derivatives, integration, and finance, transitioning from a "short drama producer" to a "copyright platform" and "full industry solution provider" [2] Group 2: Technological Innovation and Ecosystem Development - Xiaoyu Yingtong is reconstructing the short drama industry's value chain through an open ecosystem strategy, leveraging decentralized short drama ecosystem construction and a SaaS copyright integration management platform [4] - The launch of the AIGC creation platform "Hui Xiaoyu" enables full-process empowerment for script creation, dialogue dubbing, and special effects synthesis, establishing a new infrastructure for the short drama industry [4] - The company has initiated the "AIGC Star Plan," aiming to produce 500 AIGC micro-short dramas in collaboration with industry partners, thereby leading industry upgrades and building a solid content ecosystem [4] Group 3: Strategic Partnerships and Global Expansion - A significant highlight of the conference was the strategic cooperation memorandum signed with Zhejiang Chuhai Digital Technology Co., Ltd., marking a deepened collaboration from capital binding to business synergy [5] - This strategic partnership achieves a threefold complement of technology, content, and channels, enabling rapid localization and data-driven operation of short drama content overseas [5] - Both companies aim to create a closed loop of "content + technology + global marketing" for short drama exports, showcasing Xiaoyu Yingtong's strategic commitment to globalizing the short drama industry [5]

Core Insights - The company, Xiaoyu Yingtong, held a strategic upgrade conference on the 18th, showcasing its comprehensive transformation into the global short drama industry and initiating a new chapter in globalization [1][3] - CEO He Xuqiong announced a strategic plan that leverages the company's financial background and a deep partnership with Zhejiang Chuhai's Baichuan Short Drama to create a business loop based on copyright, production, derivatives, integration, and finance [1] Group 1: Strategic Developments - The company aims to transition from a "short drama producer" to an industry solution provider through a series of significant initiatives [1] - A new visual identity (VI) and a revamped official website were launched to reflect the company's commitment to brand upgrading [1] Group 2: Technological Innovations - The AIGC creative platform "Hui Xiaoyu" was officially launched to empower the entire short drama production process [1] - The "AIGC Xinghui Plan" was initiated to collaborate with leading partners to produce 500 global AIGC micro-short dramas [1] Group 3: Collaborative Efforts - Xiaoyu Yingtong signed a strategic cooperation memorandum with Zhejiang Chuhai, moving from capital binding to business collaboration [1] - The partnership will integrate IP reserves, production capabilities, and global platform resources to create a closed loop for "content + technology + global marketing" for overseas operations [1]

Core Viewpoint - The short drama industry is at a critical juncture, with Xiaoyu Yingtong (00139) successfully hosting a strategic upgrade conference, showcasing its comprehensive transformation into a short drama technology company and initiating a new chapter in global development [1][2]. Group 1: Strategic Upgrade and Market Positioning - Xiaoyu Yingtong has established itself as the "first stock in short drama technology," gaining recognition in the capital market and solidifying its market value and benchmark position through effective resource integration [2]. - The CEO emphasized that "seeking innovation and change" is the core gene of the company, which has completed a key upgrade to a short drama technology company, redefining the emotional value and technological mission of short dramas [5]. - The company has constructed a closed-loop of five business segments: "copyright as the base, financing as the path, derivatives as wings, integration as the tool, and finance as the sail," marking its evolution from a "short drama producer" to a "short drama copyright platform" and "full industry solution provider" [5]. Group 2: Technological Innovation and Ecosystem Development - Xiaoyu Yingtong is reconstructing the value chain of the short drama industry through an open ecological strategy, leveraging decentralized short drama ecosystem construction and a SaaS copyright integration management platform to break traditional distribution barriers [6]. - The launch of the AIGC creation platform "Hui Xiaoyu" enables full-process empowerment in script creation, dialogue synthesis, and special effects, establishing a new infrastructure for the short drama industry [6]. - The company has initiated the "AIGC Star Plan," aiming to produce 500 AIGC micro-short dramas in collaboration with industry partners to lead industry upgrades and build a solid content ecological barrier [6]. Group 3: Strategic Partnerships and Global Expansion - A significant highlight of the conference was the strategic cooperation memorandum signed with Zhejiang Chuhai Digital Technology Co., marking a transition from capital binding to business collaboration [10]. - This partnership achieves a threefold complementarity in technology, content, and channels, enabling rapid localization and data-driven operation of short drama content overseas [10]. - The collaboration aims to create a closed loop of "content + technology + global marketing" for short drama exports, reflecting Xiaoyu Yingtong's strategic commitment to globalizing the short drama industry [10].

Core Insights - The company, Xiaoyu Yingtong, has completed a full transformation into the short drama industry and is launching a new phase of global development through significant initiatives [1][2] Group 1: Strategic Developments - CEO He Xuqiong announced a strategic plan that leverages the company's financial background and a deep collaboration with Zhejiang Chuhai's Baichuan Short Drama to create a business loop based on copyright, production, derivatives, integration, and finance [1] - A new visual identity (VI) and website were launched to signify the company's commitment to brand upgrading [1] Group 2: Technological Innovations - The AIGC creative platform "Hui Xiaoyu" was officially launched to empower the entire short drama production process [1] - The "AIGC Xinghui Plan" was initiated to collaborate with leading partners to produce 500 new global AIGC micro short dramas [1] Group 3: Global Expansion and Partnerships - Three major short drama content platforms, "Ju Xiaoyu," "Smartfish," and "Gosee," along with the "Shu Xiaoyu Visualization Data Platform," were introduced to build a core framework for decentralized ecosystems and short drama globalization [1] - A strategic cooperation memorandum was signed with Zhejiang Chuhai, moving from capital binding to business collaboration, aiming to integrate IP reserves, production capabilities, and global platform resources for a "content + technology + global marketing" export loop [1]

Core Viewpoint - Company has entered into a strategic investment memorandum with Zhejiang Chuhai Digital Technology Co., Ltd., aiming to invest up to 40% equity in the target company, pending the signing of a formal agreement [1] Group 1: Investment Details - The investment is part of the company's strategy to expand its business scope in the rapidly growing short drama industry [1] - The target company operates in the digital economy sector and has launched several short drama platforms, including "Baichuan," "Juxing," and "GoSee," covering over twenty countries globally [1] - The target company has established a comprehensive ecosystem for IP development, creation, distribution, aggregation transactions, and token services, distinguishing itself from competitors [1] Group 2: Market Position and Potential - The target group has over a hundred leading content suppliers and controls a vast number of online and offline promotional terminals, enhancing its market presence [1] - The company possesses all necessary licenses required for its business operations, indicating compliance and readiness for growth [1] - The board believes that the target company has significant growth potential, making it a valuable opportunity for the company to enter a high-growth industry [1]

Core Viewpoint - The company, 小鱼盈通, has signed a strategic investment memorandum with 浙江出海数字技术有限公司, planning to invest up to 40% equity in the target company, which operates in the digital economy and short drama industry [1] Group 1: Investment Details - The investment is contingent upon the signing of a formal agreement, with the maximum investment amount being 40% of the target company's equity [1] - The target company and its subsidiaries are engaged in the digital economy and actively operate short drama platforms such as "百川", "剧星", and "GoSee", covering over twenty countries globally [1] Group 2: Industry Position - The target company has established a leading global ecosystem in the short drama industry, encompassing the entire chain from IP development to token services, distinguishing itself from competitors [1] - The target company collaborates with over a hundred top content providers and controls a vast network of promotional channels, including a significant social media matrix, positioning itself as a top resource in the industry [1] Group 3: Growth Potential - The company believes that the target company has strong growth potential in the rapidly developing short drama industry, presenting a valuable opportunity for the group to enter this high-growth sector [1]

Core Viewpoint - Company announced a strategic investment memorandum with Zhejiang Chuhai Digital Technology Co., aiming to invest up to 40% equity in the target company by November 18, 2025 [1] Group 1: Investment Details - The strategic investment memorandum outlines that the company (or its designated entity) intends to invest in the target company or its holding company [1] - The maximum investment amount will represent up to 40% of the equity in the target company [1] Group 2: Target Company Overview - The target company is a limited liability company registered in China, primarily engaged in the digital economy sector [1] - It actively operates in the online short drama industry, launching platforms such as "Bai Chuan," "Ju Xing," and "GoSee," with business coverage in over twenty countries globally [1] - The target company has developed a leading full-chain ecosystem in "IP development - creation - distribution - aggregation trading - token services," distinguishing itself from competitors [1] Group 3: Industry Position - The target group has partnered with over a hundred top content providers and controls a vast number of online and offline promotional terminals [1] - It boasts a core promotional social media matrix of around 100,000, establishing itself as a top-tier resource network in the industry [1] - The target company is positioned to lead the upgrade of the short drama industry and aims to create a world-class digital platform for short dramas [1] - The target group holds all necessary licenses required for its business operations [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （前稱 Central Wealth Group Holdings Limited 中達集團控股有限公司） （於百慕達註冊成立之有限公司） （股份代號：139） 有關可能投資一間公司之戰略投資諒解備忘錄 小魚盈通控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）宣佈，於二零二五年十一月十八日，本公司與浙江出海數字技術有 限公司（「目標公司」）訂立戰略投資諒解備忘錄（「諒解備忘錄」）。戰略投資諒解 備忘錄之主要條款載列如下。 戰略投資諒解備忘錄 日期： 二零二五年十一月十八日 訂約方： 本公司 目標公司 目標公司為一間於中華人民共和國（「中國」）註冊成立之有限責任公司。經董事會 作出一切合理查詢後所深知、盡悉及確信，目標公司及其最終實益擁有人均為獨 立第三方。 兹提述本公司日期為二零二五年八月十八日的公告，內容有關與目標公司訂立諒 解備忘錄。本公司宣佈，其已完成對目 ...