Core Points - The company held its 2025 First Extraordinary General Meeting of Shareholders on July 17, 2025, in Guangzhou, utilizing both on-site and online voting methods [1][4] - The legal opinion provided by Beijing Tianyuan Law Firm confirmed that the meeting's procedures, participant qualifications, and voting results complied with relevant laws and regulations [3][8] Group 1: Meeting Procedures - The sixth board of directors made a resolution to convene the meeting on June 27, 2025, and the notice was published on June 28, 2025 [3][4] - The meeting was chaired by Chairman Li Weiwei and completed all agenda items [4] Group 2: Participant Qualifications - A total of 1,044 participants attended the meeting, holding 1,040,904,976 shares, which is 47.0521% of the total voting shares [4][5] - Among the attendees, 9 shareholders represented 899,447,087 shares, accounting for 40.6578% of the total [5] Group 3: Voting Results - The voting process included both on-site and online methods, with a total of 1,035 shareholders voting, representing 141,457,889 shares, or 6.3943% of the total [5][6] - Key resolutions passed included the election of the seventh board of directors and amendments to the company’s articles of association, with significant support from minority investors [6][7][8]

Group 1 - The core point of the announcement is the completion of the board of directors' re-election and the appointment of senior management and securities affairs representatives at Sanqi Interactive Entertainment Network Technology Group Co., Ltd. [1] - The seventh board of directors consists of 9 members, including 5 non-independent directors and 4 independent directors, with a term of three years starting from the approval date of the first extraordinary general meeting of shareholders in 2025 [1] - The company has appointed a new financial director and securities affairs representative, both of whom meet the necessary qualifications as per relevant laws and regulations [1] Group 2 - The board of directors includes key figures such as Li Weiwei (Chairman), Zeng Kaitian (Vice Chairman), and independent directors with professional backgrounds [1] - The appointment of Zeng Kaitian as Vice Chairman is under scrutiny due to an ongoing investigation by the China Securities Regulatory Commission regarding information disclosure violations [1] - The company emphasizes the importance of Zeng Kaitian's leadership and experience in the gaming industry for its sustainable development despite the investigation [1]

证券代码：002555 证券简称：三七互娱 公告编号：2025-040 三七互娱网络科技集团股份有限公司 关于董事会完成换届选举 及聘任高级管理人员、证券事务代表的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 三七互娱网络科技集团股份有限公司（以下简称"公司"）第六届董事会任期届满，根 据相关法律法规以及《三七互娱网络科技集团股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，公司于 2025 年 7 月 17 日召开 2025 年第一次临时股东大会，审议通过了董事 会换届选举事项的相关议案，选举产生第七届董事会非独立董事、独立董事。公司于 2025 年 6 月 27 日召开职工代表大会，会议选举产生第七届董事会职工代表董事。同时，2025 年 7 月 17 日公司召开第七届董事会第一次会议，审议通过了相关议案，完成了第七届董事会 董事长、副董事长、专门委员会成员的选举，高级管理人员、证券事务代表的换届聘任工作。 现将具体情况公告如下： 一、第七届董事会组成情况 公司第七届董事会由 9 名董事组成，其中非独立董事 5 名，独立董事 4 名。成员 ...

证券代码：002555 证券简称：三七互娱 公告编号：2025-038 2025年第一次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 本次股东大会无否决议案、无涉及变更前次议案的情况。 三七互娱网络科技集团股份有限公司 一、会议召开和出席情况 （一）会议召开情况 1、会议时间 （1）现场会议召开时间：2025 年 7 月 17 日（星期四）14:30 （2）网络投票时间：通过交易系统进行网络投票的时间为2025年7月17日9:15—9:25， 9:30—11:30和13:00—15:00；通过互联网投票系统进行网络投票的时间为2025年7月17日上午 9:15至下午15:00期间的任意时间。 2、现场会议地点：广州市海珠区芳园路 37 号三七互娱全球总部大厦公司会议室 3、召开方式：本次会议采取现场投票与网络投票相结合的方式 4、会议召集人：公司董事会 5、会议主持人：董事长李卫伟先生为本次会议主持人 6、本次会议的召集、召开与表决程序符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》及《公司章程》等法律、法规及规范 ...

为出具本法律意见，本所律师审查了《三七互娱网络科技集团股份有限公司第 六届董事会第二十六次会议决议公告》《三七互娱网络科技集团股份有限公司第六 届监事会第二十二次会议决议公告》《三七互娱网络科技集团股份有限公司关于召 开 2025 年第一次临时股东大会的通知》（以下简称"《召开股东大会通知》"）以 及本所律师认为必要的其他文件和资料，同时审查了出席现场会议股东的身份和资 格、见证了本次股东大会的召开，并参与了本次股东大会议案表决票的现场监票计 票工作。 1 北京市天元律师事务所 关于三七互娱网络科技集团股份有限公司 2025 年第一次临时股东大会的法律意见 京天股字（2025）第 475 号 致：三七互娱网络科技集团股份有限公司 三七互娱网络科技集团股份有限公司（以下简称"公司"）2025 年第一次临 时股东大会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式， 现场会议于 2025 年 7 月 17 日在广州市海珠区芳园路 37 号三七互娱全球总部大厦 公司会议室召开。北京市天元律师事务所（以下简称"本所"）接受公司聘任，指 派本所律师参加本次股东大会现场会议，并根据《中华人民共和国公司法》《 ...

一、审议通过《关于豁免第七届董事会第一次会议通知期限的议案》 董事会同意豁免公司第七届董事会第一次会议的通知期限，并于 2025 年 7 月 17 日召开 第七届董事会第一次会议。 表决结果：同意 9 票、弃权 0 票、反对 0 票。 证券代码：002555 证券简称：三七互娱 公告编号：2025-039 三七互娱网络科技集团股份有限公司 第七届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 三七互娱网络科技集团股份有限公司（下称"公司"或"本公司"）第七届董事会第一 次会议通知于 2025 年 7 月 17 日以专人送达、电子邮件、电话方式发出，会议于 2025 年 7 月 17 日在公司会议室以现场与通讯结合的方式召开。本次会议应到董事 9 位，实到董事 9 位。会议由全体董事共同推举董事李卫伟先生主持。会议的召集和召开符合法律、法规及《三 七互娱网络科技集团股份有限公司章程》（下称"《公司章程》"）的有关规定。本次会议 作出了如下决议： 二、审议通过《关于选举公司董事长的议案》 董事会同意选举李卫伟先生为公司第七届董事会董事长， ...

Group 1 - The core index of the media sector, the CSI Media Index, opened low but rose, closing at 1296.45 points with a trading volume of 24.327 billion yuan [1] - The CSI Media Index has increased by 2.44% in the past month, 10.95% in the past three months, and 11.59% year-to-date [2] - The index consists of 50 large-cap listed companies from sectors such as marketing and advertising, cultural entertainment, and digital media, reflecting the overall performance of representative companies in the media field [2] Group 2 - The top ten weighted companies in the CSI Media Index include: Focus Media (9.79%), Giant Network (5.03%), Kaiying Network (4.84%), Yanshan Technology (4.77%), Kunlun Wanwei (4.65%), Light Media (4.3%), 37 Interactive Entertainment (3.86%), Leo Group (3.74%), Shenzhou Taiyue (3.7%), and BlueFocus Communication Group (3.51%) [2] - The market capitalization distribution of the CSI Media Index shows that 76.96% of the companies are listed on the Shenzhen Stock Exchange, while 23.04% are on the Shanghai Stock Exchange [3] Group 3 - The CSI Media Index is composed entirely of companies in the communication services sector, with a 100% allocation [4] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [4] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes mergers, acquisitions, or splits [4]

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 17, 2025 [1] - Alibaba leads the list with a market capitalization of $2760.32 billion, followed by Xiaomi Group at $1871.42 billion and Pinduoduo at $1492.47 billion [3][4] - Meituan ranks sixth with a market capitalization of $978.45 billion, indicating strong performance among major players in the sector [4] Group 2 - Other notable companies include Oriental Fortune at $515.59 billion, SMIC at $466.49 billion, and JD.com at $456.09 billion, showcasing a diverse range of businesses within the top rankings [4][5] - Kuaishou ranks 11th with a market capitalization of $376.96 billion, while Tencent Music and Li Auto follow closely with $332.09 billion and $314.71 billion respectively [4][5] - The list also features companies like Xpeng Motors at $170.92 billion and iFlytek at $151.19 billion, reflecting the growing influence of electric vehicles and AI technology in the market [4][5]

Summary of Conference Call Records Company and Industry Overview - The conference call focuses on the gaming industry, specifically discussing the performance and future prospects of the company related to popular games such as "Douluo Dalu" and "Hunting Soul World" [1][2][4]. Core Insights and Arguments - The report emphasizes the potential for valuation recovery of leading games like "Douluo Dalu" and "Hunting Soul World" [1]. - The company has experienced over two years since regulatory penalties and is expected to see the resolution of these issues in the second half of the year [2]. - Profit forecasts for the company indicate expected revenues of 2.76 billion, 3.28 billion, and 3.79 billion for 2025 to 2027, representing year-on-year growth of 3%, 19%, and 16% respectively [2]. - The current valuation is projected at 15x, 12.5x, and 10.8x for the years 2025, 2026, and 2027, indicating a low valuation compared to peers [2][3]. - The company is expected to achieve a target market value of 65.6 billion with a target stock price of 29.7, suggesting significant upside potential [3]. Financial Performance and Projections - The company’s Q1 2025 revenue was 4.24 billion, a year-on-year decline of 10.7%, attributed to product lifecycle impacts [5]. - The new games "Time Explosion" and "Heroes No Flash" are anticipated to contribute significantly to profits in Q2 2025 [7]. - The company has a strong dividend policy, with a payout ratio ranging from 30% to 84%, indicating a commitment to shareholder returns [6]. Game Pipeline and Market Position - The upcoming game "Douluo Dalu: Hunting Soul World" is set for full platform release on July 11, 2025, with over 1 million pre-registrations [7]. - The game pipeline includes various genres such as MMORPG, SLG, and card games, with several titles already having obtained licenses [8]. - Historical performance of the previous title "Douluo Dalu: Soul Master Duel" shows strong revenue sustainability, suggesting that the new title may perform even better [9][11]. Additional Important Insights - The company’s financial health is stable, with a focus on maintaining a robust game portfolio and exploring new market opportunities [4][6]. - The competitive landscape includes comparisons with companies like Kingnet, Giant Network, and Perfect World, with average PE ratios indicating a favorable valuation for the company [3][12]. - The report highlights the importance of marketing and user acquisition strategies in sustaining game performance over time [10].

Core Insights - The entertainment industry is undergoing unprecedented transformation driven by digital technologies such as AI, 5G, and cloud computing, leading to immersive experiences, personalized content delivery, and global dissemination [1] - 37 Interactive Entertainment, a global entertainment giant based in Guangzhou, is leveraging a "culture + technology" dual-driven strategy to lead the digital transformation in the industry [1] - The company aims to promote Chinese culture globally through digital means, creating culturally impactful products since its establishment in 2009 [1] Group 1 - The new global headquarters of 37 Interactive Entertainment is a hub of creativity and efficiency, requiring high-quality network support for thousands of simultaneous operations [2] - The company has partnered with Huawei to implement a high-bandwidth, low-latency network solution, enhancing the digital transformation process [2][4] - The integration of AI technology into the AirEngine series Wi-Fi 7 AP has resulted in a high-quality, automated smart campus network, significantly improving operational efficiency [4] Group 2 - 37 Interactive Entertainment has established a global digital link to overcome cultural barriers, enabling cultural IP products to be enjoyed globally with low latency and high quality [4] - The company has developed an "AI three-step" strategy to create a digital matrix covering research and operational processes, enhancing efficiency in product testing and advertising [4] - The proprietary industry model "Xiao Qi" supports complex office functions, achieving a 90% coverage rate in customer service and translation scenarios [5]