Meeting Overview - The annual general meeting of Qingdao Urban Media Co., Ltd. is scheduled for May 16, 2025, at 14:30, with the record date for shareholders being May 9, 2025 [1][2] - The meeting will be conducted through a combination of on-site and online voting [1][3] - Participants include eligible shareholders, company directors, supervisors, senior management, and invited lawyers [1][2] Agenda Items - The meeting will review the 2024 Board of Directors' Work Report, which has been approved by the Board [4][5] - The meeting will also include the 2024 Supervisory Board Work Report and the 2024 Financial Settlement Report [12][16] Financial Performance - In 2024, the company reported a net profit of 84.85 million yuan, a decrease of 79.19% year-on-year [4][21] - The company's operating income was 2.43 billion yuan, down 9.64% from the previous year [20][21] - The decline in profit is attributed to changes in the sales model for educational books, a general decline in the book retail market, and significant asset disposal gains in the previous year [4][21] Governance and Compliance - The Board of Directors held five meetings in 2024, approving 24 resolutions, all unanimously [5][6] - The Supervisory Board conducted regular meetings to oversee compliance with laws and regulations, ensuring the protection of shareholder rights [12][13] Future Plans - The Board plans to enhance strategic coordination and accelerate the development of a new industrial ecosystem, focusing on digitalization and innovation [9][10] - The company aims to improve governance effectiveness and market value, emphasizing investor relations and transparent information disclosure [10][11] Financial Indicators - The company’s liquidity ratios improved, with a current ratio of 2.37 and a quick ratio of 1.67 [23] - The asset-liability ratio decreased to 25.33%, indicating a strong financial position [23] - The average return on equity was 2.64%, down 10.41 percentage points from the previous year [26]

Core Viewpoint - The 27th China Beijing International Science and Technology Industry Expo (Beijing Sci-Tech Expo) opened on May 8, showcasing Lhasa's independent exhibition hall for the first time, featuring 30 selected enterprises and 130 representative exhibits to demonstrate the latest achievements in technological innovation and new productivity development in collaboration with Beijing [1][3]. Group 1: High-Altitude Characteristic Industry Upgrades - Jin Hada Pharmaceutical has developed various Tibetan health foods and cosmetics based on unique Tibetan medicine [3]. - Lhasa Gengsang Trading showcased Tibetan incense products made from rare natural materials using traditional hand-ground techniques [3]. - Shengxin Industry and Trade introduced yak wool scarves featuring advanced processing technology with Thangka patterns [3]. Group 2: Digital Economy Empowerment - Wangzhi Tianyuan exhibited products such as the Wukong robot and smart devices supporting Han-Tibetan translation [3]. - Chawa Cloud Technology presented the Huiyan integrated machine for Han-Tibetan translation and a locally deployed secure translation system [3]. - Yizhou Technology showcased an AI-enabled intelligent patrol system for urban safety, management, environmental governance, and ecological protection in high-altitude areas [3]. - Tibet Telecom launched a bilingual integrated smart platform for grassroots governance [3]. Group 3: Innovative Achievements Improving Livelihoods - Chongyangbao Technology displayed oxygen enrichment products with proprietary technology, achieving oxygen content over 23% [4]. - Shangchu presented a series of kitchenware suitable for high-altitude environments [4]. - Other products included barley-based goods, beer, and high-quality mineral water produced using advanced technology [4]. Group 4: Green Technology for Ecological Protection - Huizhen New Materials showcased efficient and environmentally friendly new cementing materials for mining, demonstrating excellent mechanical properties and stability [4]. - CRRC presented wind power models tailored for high-altitude green energy needs [4]. - Angbiter Energy displayed black ceramic solar collectors with high efficiency and stability for high-altitude use [4]. Group 5: Cultural and Technological Integration - Changhong Industry and Yushang Hemei exhibited a series of cultural and creative products reflecting the ancient charm of Tibetan culture, showcasing the integration of traditional culture and modern technology [4]. Group 6: Strategic Development Goals - The Lhasa exhibition aims to accelerate the construction of a high-altitude characteristic technology innovation ecosystem, promoting deep integration of technology with industry, ecology, and culture for high-quality development [6]. - The event serves as a platform for Lhasa to enhance technology-driven industrial development, facilitating connections between local tech enterprises and domestic and international market resources [6]. - The collaboration between Beijing and Lhasa is expected to deepen high-tech industry exchanges and cooperation, injecting more wisdom and strength from Beijing into Lhasa's high-quality development [6].

艺创小镇。 清风徐来，花香满城。走进良渚博物院，暖黄色的灯光漫过玻璃展柜，古老文物的细腻纹理清晰可 见。 戴上AR导览眼镜后，用手一点一挥，斑驳的玉琮、刻符陶罐等便跃然眼前，玉器、石器上的图案 变成蓝色的光感线条，灵动的玉鸟还能在手掌上翩然起舞……这一瞬间仿佛让人穿越时空隧道，近距 离"触摸"到了5000年前的良渚文明。 从远古文明到古代繁华，从近代变革到新时代发展，杭州作为历史文化名城与数字经济发展高地， 不仅怀揣着江南文脉厚重悠远的历史，更浸润着科技与文化互动交融的创新底蕴。 凡树有根，方能生发；凡水有源，方能奔涌。 把历史的指针拨动到20年前，时任浙江省委书记习近平作出实施文化建设"八项工程"的战略部署， 构建起浙江文化建设的"四梁八柱"。20年来，沿着习近平同志指引的方向，杭州赓续千年文脉、凝聚创 新动能，向着高质量建设一流历史文化名城、奋力打造中国式现代化城市范例的目标奋楫笃行。 眼下，漫步在之江大地，处处可见文化繁花热烈盛放的景象，杭州这座创新活力之城，在文化和科 技的融合滋养下显得愈发动人。在这里，文化产品百花齐放、绚烂多彩；在这里，文化的力量润物无 声、深沉澎湃。 创新风起 催生文化发展的"满 ...

Group 1 - The company is the only state-controlled long video new media platform in the A-share market, recognized as a pioneer in media integration by the National Radio and Television Administration [3] - The main business segments include Mango TV internet video, new media interactive entertainment content production, and content e-commerce [3][4] - The internet video business generates revenue from advertising, membership, and operator partnerships, leveraging content rights and unique strategies to attract subscribers [4][5] Group 2 - The new media interactive entertainment content production segment includes content creation, artist management, music copyright, and IP derivatives, aiming to create a commercial ecosystem through various media formats [6] - The content e-commerce business utilizes media creativity and artist resources to drive sales through multiple channels, focusing on integrating IP content with e-commerce [7] - The company has confirmed a deferred tax asset of 1.63 billion yuan for 2023, increasing net profit attributable to shareholders by the same amount, due to tax policy changes affecting cultural enterprises [10] Group 3 - The company plans to distribute cash dividends of 2.2 yuan per 10 shares to all shareholders, with no stock dividends or capital reserve transfers [2] - The company has not changed its accounting firm, maintaining its relationship with Tianjian Accounting Firm [1]

Core Insights - The cultural and entertainment industry in China is experiencing rapid growth, driven by innovative cultural products and experiences that enhance consumer engagement and contribute to national soft power [1][2] Economic Impact - The revenue of large-scale cultural and related industries in China is projected to reach 14.15 trillion yuan in 2024, with new cultural formats contributing 65.7% of this growth, indicating significant potential for further expansion [1] - The integration of cultural tourism and commercial activities is emerging as a vital force for boosting domestic demand, stabilizing growth, and promoting employment [1] Cultural Significance - High-quality cultural entertainment products play a crucial role in preserving cultural heritage and enhancing cultural confidence among the population [2] - Successful cultural products, such as the animated film "Ne Zha" and the video series by Li Ziqi, have gained international recognition, showcasing the importance of cultural exports in enhancing national soft power [2] Challenges and Opportunities - The industry faces structural challenges, including severe homogenization, low integration of immersive experiences, and insufficient technological empowerment [3] - There is a need to prioritize content quality and diversify cultural entertainment offerings to meet evolving consumer demands [3] Strategic Recommendations - The industry should focus on creating a fusion ecosystem that encourages collaboration across different cultural sectors, enhancing the overall consumer experience [3] - Emphasizing technological integration, such as AI and blockchain, can significantly improve the quality and uniqueness of cultural products [4] - Policy support is essential for fostering innovation, simplifying regulatory processes, and nurturing talent in the cultural sector [4] - A deeper exploration of cultural content is necessary to create high-quality products that resonate with contemporary audiences while preserving traditional values [4]