SKYWORTH GROUP (00751) plans to participate in establishing an investment fund to invest in the digital creative industry.

SKYWORTH GROUP (00751) announced on November 19, 2024, that Skyworth Technology Consulting (as a limited partner) and Shenzhen Chuangxin Hua (as a general partner) have entered into a limited partnership agreement with other limited partners to establish a fund. According to the limited partnership agreement, Skyworth Technology Consulting and Shenzhen Chuangxin Hua have agreed to jointly contribute a total of RMB 350 million, accounting for 35% of the current fund capital. The fund will focus on investments in digital creative technology and equipment, digital cultural equipment, including but not limited to next-generation ultra-high-definition professional display equipment, broadcast and film equipment (including professional digital cameras, large-scale live event video broadcast vehicles, etc.), and advanced imaging systems. The performance of the fund will be included in the group's accounts after its establishment. The group's investment companies Skyworth Venture Capital and Skyworth Investment Management have accumulated rich experience in equity investment and fund management in recent years and have achieved good investment performance, creating good financial returns for the group and fund investors. Investing in the digital creative industry can further deepen resource sharing advantages and cross-enterprise cooperation, enrich the group's channels for participating in the development of enterprises and teams in the fields of digital creativity and high-end equipment in Shenzhen, strengthen the reserve and layout of innovative technologies and products, and expand the group's business involvement in the upstream and downstream industry chains, contributing to the extension and expansion of business areas. In accordance with the terms of the limited partnership agreement, listing rules, and all applicable laws and regulations, the group may adjust its equity proportion in the fund as needed.