南方传媒：子公司参与设立投资基金

Group 1 - The core point of the article is that Southern Media (601900) announced its subsidiary, Guangdong Southern Media Investment Co., Ltd., is participating in the establishment of the Guangxi Cultural Industry Investment Development Fund Partnership with a total fund size of 500 million yuan [1] - Southern Media Investment has committed to invest 150 million yuan, which accounts for 29.98% of the total fund [1] - The initial scale of the fund is set at 130 million yuan, with Southern Media Investment's initial commitment being 29.9 million yuan [1] - 50% of the initial scale, amounting to 65 million yuan, must be paid within five working days after the fund's business registration is completed [1] - The fund will be managed by Guangdong Bay Area Venture Capital Co., Ltd., and has a duration of 5+3 years [1]