Group 1 - The core point of the announcement is the establishment of a joint venture between Shanghai Jiuwu Yisheng and Beijing Wujie Yinchang Cultural Media Co., Ltd. to operate AI music business in China [1][2] - Shanghai Jiuwu Yisheng will invest a total of RMB 115 million, with RMB 320,000 as registered capital and RMB 114.68 million allocated to capital reserves [1] - The joint venture will be owned 32% by Shanghai Jiuwu Yisheng and 68% by the joint venture partner, making it a non-wholly owned subsidiary of the partner [1] Group 2 - The joint venture will focus on AI music services, including AI music creation, artist management, music library operations, AI concerts, and AI music education [2] - The partner company has a strong background in organizing cultural and artistic events, leveraging a "technology + content + ecosystem" advantage to complement the group's strengths [2] - The collaboration aims to integrate both parties' content and technological capabilities to achieve data-driven, large-scale personalized AI music creation, marking a strategic move in the AI music industry [2]

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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） 須予披露交易 成立合營公司 成立合營公司 合營公司之目的 合營公司將主營AI音樂業務，包括但不限於AI音樂創作及編曲、AI音樂相關藝人 管理、曲庫經營、AI音樂會及AI音樂教育。 於2025年11月13日，本公司間接全資附屬公司上海久吾一生與合營夥伴訂立合 營協議，據此，訂約方同意成立合營公司，以於中國開展及運營AI音樂業務。 根據合營協議之條款，(i)上海久吾一生將投資合共人民幣115,000,000元，其中 人民幣320,000元將作為合營公司註冊資本，而人民幣114,680,000元將分配至合 營公司之資本儲備；及(ii)合營夥伴將投資合共人民幣244,380,000元，其中人民 幣680,000元將作為合營公司註冊資本，而人民幣243,700,000元將分配至合營公 ...

Market Capitalization of Hong Kong Listed Film and Entertainment Companies - The market capitalization rankings of 17 Hong Kong listed film and entertainment companies as of October 31, 2025, show that China Literature (00136.HK) leads with a market cap of HKD 454.30 billion, followed by Tencent Music Entertainment (00772.HK) at HKD 426.77 billion [1] - Other notable companies include Alibaba Pictures (01060.HK) with a market cap of HKD 274.86 billion and Giant Interactive (06683.HK) at HKD 78.42 billion [1] Price Performance of Hong Kong Listed Film and Entertainment Companies - The price performance rankings indicate that "Coming Signal" (02306.HK) experienced the highest year-to-date increase of 260.32%, reaching a price of HKD 2.27 [2] - Other significant gainers include Liti Pictures (09958.HK) with a 94.92% increase and Alibaba Pictures (01060.HK) with a 93.68% increase [2] - Conversely, companies like Starry Media (06698.HK) and Happy Media (01003.HK) faced declines of 66.94% and 31.18%, respectively [2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 公司名稱: 星空華文控股有限公司 (於開曼群島註冊成立的有限公司) | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06698 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 第 1 頁 共 10 頁 v 1.1. ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 星空華文控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月6日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06698 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 398,538,168 | | 0 | | 398,538,168 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 398,538,168 | | 0 | | 398,538,16 ...

Financial Performance - For the six months ended June 30, 2025, the company recorded revenue of RMB 59.0 million and a gross profit of RMB 22.0 million[14]. - The net loss for the same period was RMB 11.1 million, a significant decrease from the net loss of RMB 56.0 million in the previous year[14]. - The company's revenue for the six months ended June 30, 2025, was RMB 59.0 million, a decrease of 16.9% from RMB 71.1 million for the same period in 2024[16]. - Revenue from variety show IP production, operation, and licensing decreased by 46.7% to RMB 13.6 million from RMB 25.5 million year-on-year[17]. - Revenue from music IP operation and licensing decreased by 15.8% to RMB 6.4 million from RMB 7.6 million year-on-year[18]. - Revenue from film and TV series IP operation and licensing increased by 54.9% to approximately RMB 25.4 million from approximately RMB 16.4 million year-on-year[19]. - Revenue from other IP-related businesses decreased by 37.0% to approximately RMB 13.6 million from approximately RMB 21.6 million year-on-year[20]. - Gross profit increased by 233.3% to RMB 22.0 million for the six months ended June 30, 2025, compared to RMB 6.6 million for the same period in 2024[26]. - The company incurred a net loss of RMB 11,149,000 for the six months ending June 30, 2025, compared to a net loss of RMB 55,975,000 in 2024, reflecting a 80.1% reduction in losses[105]. - The company reported a total comprehensive loss for the period was RMB 12,530,000, compared to a loss of RMB 54,220,000 in the previous period, reflecting a significant improvement[111]. Cost Management - The total cost of sales for the six months ended June 30, 2025, was RMB 37.0 million, down 42.7% from RMB 64.5 million for the same period in 2024[21]. - The gross margin for variety show IP production, operation, and licensing improved to 23.5% from a gross loss margin of 40.8% year-on-year[27]. - The gross margin for music IP operation and licensing decreased to 46.9% from 51.3% year-on-year[28]. - Administrative expenses decreased by 48.9% from RMB 42.5 million for the six months ended June 30, 2024, to RMB 21.7 million for the same period in 2025[33]. - Sales and distribution expenses were stable at RMB 7.8 million and RMB 8.3 million for the six months ended June 30, 2024, and June 30, 2025, respectively[32]. Asset Management - The fair value of financial assets measured at fair value through profit or loss increased to RMB 65.3 million as of June 30, 2025, up 24.4% from RMB 52.5 million as of December 31, 2024[51]. - Trade receivables decreased by 30.3% to RMB 69.0 million as of June 30, 2025, compared to RMB 99.0 million as of December 31, 2024[54]. - Trade payables decreased by 13.0% to RMB 101.9 million as of June 30, 2025, down from RMB 117.1 million as of December 31, 2024[56]. - Other payables and accrued expenses decreased by 23.9% to RMB 35.4 million as of June 30, 2025, compared to RMB 46.5 million as of December 31, 2024[57]. - The equity in joint ventures decreased slightly by 1.9% from RMB 865.5 million as of December 31, 2024, to RMB 849.4 million as of June 30, 2025[44]. - Other intangible assets decreased by 4.1% to RMB 125.9 million as of June 30, 2025, down from RMB 131.3 million as of December 31, 2024[50]. Shareholder Information - The company's major shareholders, including Tian Ming, Jin Lei, and Xu Xiangdong, collectively held 70.24% of the shares as of June 30, 2025, with each holding 279,924,977 shares[70]. - As of June 30, 2025, Unionstars holds a beneficial interest of 220,415,296 shares, representing 55.31% of the company's equity[74]. - Harvest Sky also holds a beneficial interest of 59,509,681 shares, accounting for 14.93% of the company's equity[74]. - Mr. Tian Ming controls a total of 279,924,977 shares, which is 70.24% of the equity through various entities[76]. - The shareholding structure indicates significant control by Mr. Tian Ming and associated entities, consolidating over 70% of the voting rights[80]. Corporate Governance - The board of directors believes that high standards of corporate governance are essential for protecting shareholder interests and enhancing corporate value[90]. - The company has adopted a standard code of conduct for directors regarding securities trading, ensuring compliance throughout the reporting period[95]. - The company has complied with all applicable corporate governance code provisions during the reporting period[90]. - The audit committee has reviewed the financial statements and confirmed that they are prepared in accordance with applicable accounting standards[102]. Future Plans and Investments - The company is actively expanding its audience reach and brand influence by increasing partnerships with media platforms and enhancing its content production capabilities[11]. - The company plans to continue evaluating high-quality acquisition targets to expand its business and integrate valuable industry resources[15]. - The company plans to utilize the funds raised from its global offering primarily for expanding its audience reach and enhancing its entertainment IP value chain[98]. - The company expects to complete the planned uses of the funds by December 2027, subject to market conditions[98]. Employee Information - The total employee compensation expenses for the first half of 2025, including directors' remuneration, amounted to RMB 198 million, with a total of 116 employees as of June 30, 2025[68]. Legal and Compliance - The company had no major litigation or arbitration cases during the six months ending June 30, 2025[69]. - The company had no significant contingent liabilities other than those related to litigation as of June 30, 2025[65].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 星空華文控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06698 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | 0.000001 | USD | | 50,000 | 本月底 ...

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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） 延長使用所得款項的預期時間表 茲提述(i)星空華文控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期 為2022年12月15日的招股章程（「招股章程」）「未來計劃及所得款項用途」一節； (ii)本公司日期為2023年1月19日的公告（「該公告」），內容有關部分行使超額配股 權、穩定價格行動及穩定價格期間結束；及(iii)本公司截至2024年12月31日止年 度的年度報告（「年報」），當中披露截至2024年12月31日止全球發售所得款項淨額 的使用情況。除另有界定外，本公告所用詞彙與招股章程及年報所界定者具有相 同涵義。本集團董事會（「董事會」）謹此宣佈，其已議決延長使用全球發售所得款 項的預期時間表，詳情披露如下。 延長使用所得款項的預期時間表 截至2025年6月3 ...

Core Insights - The company, 星空华文 (06698.HK), reported a revenue of RMB 59 million and a gross profit of RMB 22 million for the six months ending June 30, 2025, indicating a significant improvement in financial performance compared to the previous year [1] - The net loss for the period was RMB 11.1 million, a reduction from a net loss of RMB 56 million in the same period last year, highlighting a positive trend in financial recovery [1] Financial Performance - Revenue for the six-month period reached RMB 59 million, with a gross profit of RMB 22 million [1] - The net loss decreased to RMB 11.1 million from RMB 56 million year-on-year, reflecting improved operational efficiency [1] Operational Focus - The company shifted its focus towards the production and operation of variety show IPs, which contributed to the gross profit, contrasting with the previous year where it recorded a gross loss [1] - Administrative expenses were reduced compared to the same period in 2024, further aiding in the reduction of net losses [1]

Group 1 - The company, Xingkong Huawen (06698), reported a revenue of 59.035 million yuan for the six months ending June 30, 2025, representing a year-on-year decrease of 16.98% [1] - Shareholders' profit attributable to the company was 11.002 million yuan, which narrowed by 80.63% year-on-year [1] - The basic loss per share was 0.03 yuan [1] Group 2 - The reduction in net loss was primarily due to the group's gross profit from the production, operation, and licensing of variety show IP, which was a loss in the same period last year [1]