Core Viewpoint - Feiyang Group (01901.HK) has announced a strategic partnership with "China Youth Daily" to launch a cultural and creative project named "Shanhe Universe Plan" [1] Group 1: Strategic Partnership - The group's wholly-owned subsidiary, Zhejiang Feiyang Shulian Technology Co., Ltd., signed a strategic cooperation agreement on December 8, 2025, with Beijing Zhongqing Online Network Information Technology Co., Ltd., a wholly-owned subsidiary of China Youth Daily [1] - The execution of the plan will be managed by the group's subsidiary, Feiyou Travel Card (Zhejiang) Cultural Technology Co., Ltd. [1]

Core Viewpoint - The collaboration between Feiyang Group and China Youth Daily aims to launch the "Shanhe Universe Project," a cultural and creative initiative that integrates cultural heritage, trendy toys, and digital innovation, targeting a global market [1][2]. Group 1: Partnership Details - Feiyang Group's wholly-owned subsidiary, Zhejiang Feiyang Shulian Technology Co., Ltd., has signed a strategic cooperation agreement with Beijing Zhongqing Online Network Information Technology Co., Ltd., a subsidiary of China Youth Daily, to execute the project [1]. - China Youth Daily is a national core media outlet with significant influence in youth and cultural communication [1]. Group 2: Project Overview - The project is themed around the "Shanhe" IP and aims to create an immersive cultural experience by combining cultural and creative entities with digital rights [2]. - The first phase will introduce the "Shanhe·Youth" series of rights-based trendy toy cards, which will integrate cultural tourism rights through NFC chips and compliant alliance chain technology [2]. - Future expansions will include various series such as "Shanhe·Hero," "Shanhe·Intangible Cultural Heritage," "Shanhe·Panda," and "Shanhe·Star," covering multiple media formats like physical cultural products, films, and animations [2]. Group 3: Strategic Implications - The board believes this collaboration aligns with the group's strategy to promote digitalization in cultural tourism, leveraging China Youth Daily's media resources and content influence alongside the group's operational experience [3]. - The initiative responds to market trends in cultural tourism integration, presenting strong growth prospects and scalability, aiding the group's transition from a "cultural tourism service provider" to a "comprehensive cultural consumption platform" [3]. - The open co-creation model is expected to gather creative resources and build a highly engaged user community [3].

Core Viewpoint - Feiyang International (01901.HK) has announced a strategic cooperation with China Youth Daily to launch the "Shanhe Universe Project," a cultural and creative initiative aimed at integrating cultural heritage, trendy play, and digital innovation [1] Group 1: Strategic Cooperation - The strategic cooperation agreement was signed on December 8, 2025, between Feiyang's wholly-owned subsidiary Zhejiang Feiyang Shulian Technology Co., Ltd. and Beijing Zhongqing Online Network Information Technology Co., Ltd., a subsidiary of China Youth Daily [1] - The project will be executed by Feiyang's subsidiary Feiyou Travel Card (Zhejiang) Cultural Technology Co., Ltd. [1] Group 2: Project Objectives and Features - The "Shanhe" IP-themed project aims to create an open, multi-dimensional IP ecosystem that encourages global participation and targets a wide range of cultural tourism elements [1] - The first phase will introduce the "Shanhe·Youth" series of rights-based trendy play cards, which will integrate cultural tourism rights through NFC chips and compliant alliance chain technology [1] - Future expansions will include series such as "Shanhe·Hero," "Shanhe·Intangible Cultural Heritage," "Shanhe·Panda," and "Shanhe·Star," covering various media forms like physical cultural products, films, and animations [1]

Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 自願公告 關於飛揚集團與「中國青年報」聯合發起潮玩文創 「山河宇宙計劃」之戰略合作及業務進展 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃由飛揚國際控股（ 集團 ）有限公司（「本公司」，連同其附屬公司統稱「本集 團」）按自願性基準作出，旨在向本公司股東及潛在投資者告知本集團最新業務發 展情況。 一 、戰略合作概述 本公司董事（「董事」）會（「董事會」）欣然宣佈，本集團與「中國青年報」共同發 起名為「山河宇宙計劃」潮玩文創項目（「該計劃」）之戰略合作。本集團之全資 附屬公司浙江飛揚數聯科技有限公司已於2025年12月8日與中國青年報之全資 子公司北京中青在線網絡信息技術有限公司訂 ...