Core Viewpoint - The company announced a capital reduction agreement for its joint venture, aiming to decrease registered capital from RMB 31.78 million to RMB 15 million, resulting in the company no longer holding any equity in the joint venture after the completion of the capital reduction [1] Financial Implications - The capital reduction will provide the company with financial benefits, including a cash return of RMB 30 million, enhancing liquidity [1] - The transaction is expected to optimize the company's portfolio and capital recovery strategy by reallocating capital from non-core joint ventures to higher strategic priority areas with anticipated returns [1] Strategic Benefits - The capital reduction will lower the risk exposure and revenue volatility associated with non-core joint ventures, thereby improving the overall risk profile and resilience of the company [1] - It will free up management time and operational focus previously dedicated to the regulated joint venture, allowing the company to concentrate on its main operations and growth plans [1]
中国数字视频：合营企业拟资本削减