Group 1 - The core point of the news is that Platinum Quest (Xiamen) Culture Co., Ltd. has had two equity freezes totaling 1.1 million RMB, with a freeze period of three years, as reported by Tianyancha [1][2][3]. - The frozen equity amounts are 1 million RMB for Hainan Lingshui Platinum Quest Photography Co., Ltd. and 100,000 RMB for Xishuangbanna Wanwen Photography Co., Ltd. [1][2]. - The executing court for both cases is the People's Court of Xiang'an District, Xiamen City, Fujian Province [1][2]. Group 2 - Platinum Quest (Xiamen) Culture Co., Ltd. was established in March 2020 with a registered capital of 1 million RMB, focusing on cultural and artistic exchange activities, photography, and video production services [1][3]. - The company is jointly held by Platinum Travel Photography Culture Group Co., Ltd. (75% stake) and Xiamen Duke Travel Investment Partnership (Limited Partnership) (25% stake) [3]. - In July 2025, Platinum Travel Photography announced a restructuring due to high costs in its wedding photography business, which has been operating at a loss, leading to the closure of unprofitable stores and optimization of operations [3].

Core Viewpoint - The company is committed to optimizing its business model and enhancing operational management to drive performance improvement [1] Group 1 - The company will continue to implement its research and development strategy of "buy, transform, connect, and research" [1] - The company aims to rationally allocate resources and steadily advance ongoing projects [1]