Zhejiang Film announced that in August 2021, the company invested 20 million yuan to increase the capital of CGAC and obtain 20% equity. Lawyers' checks showed that at the time of the capital increase, CGV's owners' equity was 3.325 million yuan, revenue was 14.0837 million yuan, and net profit was 1.386 million yuan. Although the target company is not a related party, the capital increase affects the value of the related party's convertible bonds and essentially constitutes a related transaction, which the company has reviewed and confirmed. The network audio industry in which CGV is located is developing rapidly. Its business is strategically compatible with Zhejiang Film Industry, and there is a synergy of investment. Referring to transactions in the same industry, combined with performance promises, the current investment valuation of 100 million yuan is reasonable, and the agreement also guarantees multiple risk control measures. Currently, due to CGV's failure to fulfill its performance promise, the company's lawsuit against relevant shareholders to repurchase shares is still under trial.

Zhejiang Film announced that in August 2021, the company invested 20 million yuan to increase the capital of CGAC and obtain 20% equity. Lawyers' checks showed that at the time of the capital increase, CGV's owners' equity was 3.325 million yuan, revenue was 14.0837 million yuan, and net profit was 1.386 million yuan. Although the target company is not a related party, the capital increase affects the value of the related party's convertible bonds and essentially constitutes a related transaction, which the company has reviewed and confirmed. The network audio industry in which CGV is located is developing rapidly. Its business is strategically compatible with Zhejiang Film Industry, and there is a synergy of investment. Referring to transactions in the same industry, combined with performance promises, the current investment valuation of 100 million yuan is reasonable, and the agreement also guarantees multiple risk control measures. Currently, due to CGV's failure to fulfill its performance promise, the company's lawsuit against relevant shareholders to repurchase shares is still under trial.