Shenzhen Topway Video Communication (002238.SZ) and its subsidiaries received a total of 100 million yuan in government subsidies.

Shenzhen Topway Video Communication (002238.SZ) announced that the company and its three subsidiaries, Shenzhen Tianbao Broadcasting Television Network Co., Ltd., Shenzhen Tianlong Broadcasting Television Network Co., Ltd., and Shenzhen Shanshan Broadcasting Television Network Co., Ltd., received government subsidies on September 24, 2024 from the Shenzhen Industrial and Information Bureau for the "2024 second batch of support projects for the construction of new information infrastructure projects" for the broadcasting network copper to optical conversion construction project. The subsidies amounted to 60.31 million yuan, 18.23 million yuan, 20.24 million yuan, and 1.22 million yuan respectively, totaling 100 million yuan in cash.