Core Viewpoint - The company, Shanghai Longyun Cultural Technology Group Co., Ltd., is establishing a joint venture named Longyun Nuoya with Star Media Holdings Ltd. and Shanghai Yaomo Cultural Media Partnership to enhance strategic layout and promote business development [1][5]. Group 1: Investment Overview - The registered capital of the joint venture Longyun Nuoya is RMB 10 million, with the company contributing RMB 6.5 million for a 65% stake, Star Media Holdings contributing RMB 3 million for a 30% stake, and Shanghai Yaomo contributing RMB 500,000 for a 5% stake [3][4]. - The investment has been approved by the company's board of directors and does not require shareholder approval [1][2]. Group 2: Joint Venture Details - The joint venture will focus on integrated marketing services, including advertising design, market planning, and digital content production [4][5]. - The joint venture has completed its business registration and will operate under the name Shanghai Longyun Nuoya Marketing Planning Co., Ltd. [3][4]. Group 3: Impact on the Company - This investment aligns with the company's sustainable development goals, aiming to explore new profit growth points and enhance market competitiveness while ensuring the normal operation of existing main businesses [6][7]. - The investment will be funded through the company's own resources and is not expected to adversely affect the company's financial status or operational results for the current year [7].