Group 1 - The core point of the announcement is the establishment of a joint venture between Shanghai Jiuwu Yisheng and Beijing Wujie Yinchang Cultural Media Co., Ltd. to operate AI music business in China [1][2] - Shanghai Jiuwu Yisheng will invest a total of RMB 115 million, with RMB 320,000 as registered capital and RMB 114.68 million allocated to capital reserves [1] - The joint venture will be owned 32% by Shanghai Jiuwu Yisheng and 68% by the joint venture partner, making it a non-wholly owned subsidiary of the partner [1] Group 2 - The joint venture will focus on AI music services, including AI music creation, artist management, music library operations, AI concerts, and AI music education [2] - The partner company has a strong background in organizing cultural and artistic events, leveraging a "technology + content + ecosystem" advantage to complement the group's strengths [2] - The collaboration aims to integrate both parties' content and technological capabilities to achieve data-driven, large-scale personalized AI music creation, marking a strategic move in the AI music industry [2]