Group 1 - The core point of the article is that Changqu Technology (300315.SZ) has invested in a private equity fund, NS Cloud Mini Limited Partnership, through its wholly-owned subsidiary FunGame (HK) Limited, with an investment of 3 million USD [1] - FunGame (HK) Limited holds a 19.63% stake in the NS Cloud Mini Limited Partnership, which is set to invest in MiniMax Group Inc., scheduled to be listed on the Hong Kong Stock Exchange on January 9, 2026 [1] - MiniMax will issue Class A ordinary shares at a price of 165 HKD per share during its global offering [1] Group 2 - According to accounting standards, the stake in the NS Cloud Mini Limited Partnership is classified as a financial instrument measured at fair value, with changes recorded in the current profit and loss [2] - The estimated impact of the stake on the company's net profit for the fiscal year 2026 is approximately 23.26 million CNY, which represents about 20.98% of the audited net profit attributable to shareholders for the fiscal year 2024 [2] - The fair value of the indirectly held shares in MiniMax will fluctuate based on the secondary market price, leading to uncertainty in the company's performance for 2026 and beyond [2]