Group 1 - The AI+ audiovisual innovation competition held in Nanning showcased 27 teams competing with 204 projects registered, highlighting the integration of AI in the audiovisual industry [1] - Tencent Video presented a controllable video generation model that enhances animation production quality through self-developed methods [1] - Beijing Jule Dimension Technology Co., Ltd. introduced a project that lowers the production threshold for 3D animated dramas using AI-generated character models [1] Group 2 - The "Juxiaobai" application by Nanning Peak Culture Communication Co., Ltd. enables script generation and visual design, allowing non-professionals to create professional-level short dramas [2] - Guangxi Huali Broadcasting Culture Media Co., Ltd. showcased a platform for ASEAN international communication, providing comprehensive services from translation to marketing [2] - A project from Beijing University of Posts and Telecommunications addressed the challenges of large video data and retrieval difficulties in the broadcasting field [2] Group 3 - The competition awarded 4 first prizes, 6 second prizes, and 10 third prizes, emphasizing the practical application and innovative technology of the winning projects [3] - The event highlighted the commercial value and breakthrough potential of various projects, stimulating innovation within the audiovisual industry [3]

Core Viewpoint - LiuJin Technology announced the transfer of 51% equity of its subsidiary Sichuan LiuJin Liquor Co., Ltd. to Xiong Yuguo for a nominal price of 1 yuan, based on the subsidiary's audited net assets of approximately -19.27 million yuan, aiming to optimize the company's business structure and resource integration [2] Group 1: Equity Transfer Details - The equity transfer agreement was signed on November 13, 2025, and the transfer price was determined through friendly negotiation [2] - The actual controller of the listed company, Wang Jian, has signed an interest-free loan agreement with the liquor company, prioritizing the loan funds for repaying the subsidiary's debts to the listed company [2] - The company will no longer hold shares in the liquor company post-transaction and will not consolidate its financials, ensuring no guarantees or financial management by the listed company for the liquor subsidiary [2] Group 2: Business Strategy and Financial Impact - LiuJin Technology stated that the sale of the liquor subsidiary's equity is a timely adjustment based on the subsidiary's operational performance, aligning with the overall strategic planning [2] - The transaction is not expected to significantly impact the company's ongoing operational capabilities, financial status, or results, and has been approved by the company's board of directors [3] - The company is focusing on upgrading its core business towards "AI + audiovisual" industries, with recent reports indicating active integration of AI into its operations [3] Group 3: Technological Advancements - Since March, LiuJin Technology has enhanced the AI capabilities of its Hubble system, improving content monitoring and analysis through multimodal large model technology [4] - The company is expanding its AI smart terminal business in the operator market, collaborating with various provincial companies of China Mobile [4] - LiuJin Technology is committed to deepening cooperation with operators in smart community, smart enterprise, and smart home applications [4]