Group 1 - The core viewpoint of the article is that Songcheng Performing Arts has clarified its current investment status regarding its subsidiary, Hangzhou Songcheng Technology Development Co., Ltd. [1] - Hangzhou Songcheng Technology is primarily engaged in research and development related to stage performance, performing arts, and smart scenic areas [1] - Currently, there are no external investments made by Hangzhou Songcheng Technology [1]