Group 1 - The company announced its participation in establishing the Yangtze River Delta Digital Cultural Industry Private Investment Fund with an investment of RMB 50 million, acting as a limited partner [1] - The initial investment amount from the company is RMB 25 million, focusing on core digital cultural technology industries driven by artificial intelligence (AI) and the integration of "AI+" and "Culture+" [1] - The fund was officially registered with the Shanghai Municipal Market Supervision Administration and obtained its business license on December 26, 2025 [1] Group 2 - The fund management company, Haitong Creative Private Fund Management Co., Ltd., confirmed the fund's establishment and reported that the total capital raised is RMB 1,501.5 million [2] - The company will closely monitor the fund's progress and fulfill its information disclosure obligations as required by the Shanghai Stock Exchange [2] - The company urges investors to exercise caution and be aware of potential risks associated with the investment [2]