Investment Overview - The company’s wholly-owned subsidiary, Xinhua News Venture Capital Co., Ltd., has invested in Xinhua News Zhixin (Nantong) Equity Investment Partnership (Limited Partnership) with a total subscription amount of RMB 63.1 million, where the venture capital contributed RMB 6 million as a limited partner [2][3] - The partnership has completed the capital contribution of RMB 53.1 million as of the announcement date, indicating that the fundraising has been finalized [3] Recent Developments - The company has also participated in the establishment of Xinhua News Shengshi Qingneng (Nantong) Equity Investment Fund Partnership (Limited Partnership) with a total subscription amount of RMB 35.01 million, where the venture capital contributed RMB 15 million [6][8] - The fund has completed its capital contribution as of the announcement date, confirming that the fundraising has been finalized [8] Shareholder Changes - The company has repurchased a total of 6% equity in Xinhua Zhiyun Technology Co., Ltd. for RMB 150 million, increasing its ownership to 51% after the completion of the transaction [10] - The company has received notification that the equity transfer has been registered, and a new business license has been issued for Xinhua Zhiyun [10][11]