According to Huace Film and Television's announcement, Xixi Investment, a subsidiary of the company, plans to invest 51.54 million yuan with its own capital to subscribe for a share of the Jiaxing Puhua Lichuan Venture Capital Partnership initiated by Puhua Tianji and act as a limited partner. After this investment, the size of the fund was 103 million yuan, and Xixi Investment accounted for 49.99% of the investment. The fund mainly invests in the field of artificial intelligence and lasts for 9 years, of which the first 5 years are investment periods. This investment matter is within the general manager's approval authority. There is no need to submit it to the board of directors or shareholders' meeting for consideration, and it does not constitute a related transaction or major asset restructuring.

According to Huace Film and Television's announcement, Xixi Investment, a subsidiary of the company, plans to invest 51.54 million yuan with its own capital to subscribe for a share of the Jiaxing Puhua Lichuan Venture Capital Partnership initiated by Puhua Tianji and act as a limited partner. After this investment, the size of the fund was 103 million yuan, and Xixi Investment accounted for 49.99% of the investment. The fund mainly invests in the field of artificial intelligence and lasts for 9 years, of which the first 5 years are investment periods. This investment matter is within the general manager's approval authority. There is no need to submit it to the board of directors or shareholders' meeting for consideration, and it does not constitute a related transaction or major asset restructuring.