Group 1 - The company, through its wholly-owned subsidiary Hangzhou Bianfeng Network Technology Co., Ltd., has signed a partnership agreement to establish the Chengdu Jichuang Chengyuan Venture Capital Partnership, focusing on investments in healthcare and advanced technology sectors [1][2] - The total committed capital for the fund is 208 million yuan, with Bianfeng Network contributing 18 million yuan, representing 8.65% of the total [1] - Bianfeng Network has completed the first payment of 7.2 million yuan and received the private fund registration certificate, confirming the fund's registration on November 3, 2025 [2] Group 2 - The establishment of the Jichuang Chengyuan Fund is expected to help Bianfeng Network access cutting-edge sectors, seek investment opportunities, and enhance its investment portfolio, contributing to the strategic development of Zhejiang Digital Culture [3] - The investment will not adversely affect the company's normal operations or financial status, and there are no risks to the interests of the company or its shareholders [3] - The company will closely monitor the fund's operations and investment projects to mitigate potential investment risks and ensure compliance with disclosure requirements [3]