Core Viewpoint - Company plans to establish a private equity investment fund named "Beijing Jingguochuang Cultural Technology Industry Private Equity Investment Fund Center" in collaboration with several partners, aiming to promote the integration of culture and technology while enhancing its business transformation and upgrading [1][2][23]. Summary by Sections 1. Overview of Related Transactions - The company intends to set up the fund with partners including Beijing State-owned Capital Operation Management Co., Ltd., Shijingshan District Modern Innovation Industry Development Fund Co., Ltd., and others, to focus on investment and incubation in cultural technology [2][3]. 2. Fund Contribution Details - The total subscribed capital for the fund is set at RMB 400 million, with contributions from various partners: Beijing Jingguochuang contributing RMB 4 million, Beijing Wenkeshuchuang contributing RMB 4 million, and other partners contributing RMB 196 million, RMB 100 million, RMB 56 million, and RMB 40 million respectively [3][4]. 3. Related Party Transactions - The transaction is classified as a related party transaction, as Beijing State-owned Capital and others are considered related entities due to their connections with the company's actual controller, Capital Cultural Technology Group [3][4]. 4. Approval Process - The board of directors approved the transaction with unanimous consent from non-related directors, and the transaction does not require shareholder meeting approval [4][24]. 5. Fund Management and Fees - The fund will charge a management fee of 1% per year and an advisory fee of 1% per year, both payable semi-annually [13][22]. 6. Investment Strategy - The fund will primarily invest in mature, pre-IPO quality cultural industry projects, while also considering growth and a limited number of startup projects, focusing on areas such as digital culture, gaming, and cultural technology [14][17]. 7. Impact on the Company - The establishment of the fund is expected to provide stable investment returns, enhance the company's business and industry layout, and support high-quality development without affecting the company's operational independence [23][24].

Group 1 - The article discusses the establishment of the Fujian Province Cultural Tourism Digital Creation Sub-Fund, which aims to raise a target scale of 3 billion yuan, with an initial subscription scale of no less than 2 billion yuan [1] - The sub-fund will focus on investments in emerging digital industries related to culture, technology, tourism, consumption, sports, and education, leveraging Fujian's industrial foundation and resource endowment [1] - The investment strategy includes supporting key projects in cultural and related industries, promoting the growth of leading enterprises, and fostering the development of specialized, refined, and innovative companies [1]

Group 1 - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Conference will be held in Guangzhou in late November, continuing the successful hosting of the event in 2023 and 2024 [1] - The conference aims to promote the deep integration of culture, technology, and finance, supporting the high-quality development of the cultural industry in the Greater Bay Area [1][3] - Last year's conference attracted over 800 investment institutions, with a signed investment amount exceeding 5.6 billion, and the total scale of announced cultural industry investment funds exceeding 15 billion [1] Group 2 - The conference will adopt a "1+4" model, featuring one main investment conference and four specialized activities, aiming to showcase high-quality cultural investment projects and research results [3] - Key highlights include comprehensive financial services, the discovery of high-growth projects, and leveraging the unique advantages of the Greater Bay Area [3] - The conference will enhance collaboration with financial institutions and promote cultural projects across multiple cities, including Hong Kong, Macau, and major cities in mainland China [3] Group 3 - Jason Entertainment Group, established in 2019, has become a leading company in the industry, focusing on IP copyright operation and content investment, with an expected annual production capacity exceeding 5 billion [4][7] - Following last year's investment conference, Jason Entertainment's financing and valuation have tripled, with a compound growth rate exceeding 200%, and significant revenue and profit growth in Q1 2025 [7] - Mutual Influence Technology, founded in 2017, is the largest interactive content technology and distribution platform in China, planning to expand into AI interactive live streaming and cultural tourism businesses [8][10] Group 4 - The CEO of Mutual Influence Technology highlighted the supportive ecosystem in Guangdong for the development of interactive live streaming, which can enhance commercial models in the cultural sector [10] - The conference will focus on promoting cultural projects and enhancing the competitive advantage of cultural exports from the Greater Bay Area [3][10]