珠江股份：大股东成立文体公司，与上市公司无同业竞争且业务协同

Core Viewpoint - The establishment of Guangzhou Cultural and Sports Industry Development Group by the major shareholder of the company does not conflict with the company's operations and is aimed at enhancing the development of the cultural and sports industry in Guangzhou [1] Group 1: Company Structure and Operations - Guangzhou Cultural and Sports Industry Development Group is a wholly state-owned enterprise established by the major shareholder to fulfill government requirements for resource allocation and to accelerate the development of a strong sports city [1] - The company and its subsidiary, Guangzhou Zhujiang Sports Culture Development Co., Ltd., do not engage in direct competition; instead, their operations are complementary, which is beneficial for the long-term development of the listed company [1] - Guangzhou Cultural and Sports Group focuses on heavy asset investment and resource integration, while Zhujiang Sports Culture is oriented towards light asset operations and market activities [1] Group 2: Business Development and Compliance - As of now, Guangzhou Cultural and Sports Group has not commenced any actual business operations [1] - The major shareholder will continue to adhere to commitments made to avoid competition with the listed company, ensuring no significant adverse effects on the company or its shareholders [1] - There are currently no transactions between the company or Zhujiang Sports Culture and Guangzhou Cultural and Sports Group, and any future related transactions will follow legal and disclosure procedures [1]