SINOMEDIA (00623) invests 10 million USD as cornerstone investment in Xunce, and entrusts East Asset Management.

08:13 18/12/2025

ChinaVision Holdings (00623) announced that on December 17, 2025, the company (as an investor) entered into a cornerstone investment agreement with Shenzhen Xunce and exclusive underwriter and overall coordinator, agreeing to subscribe for investor shares at the offering price. The cornerstone investment amount is 10 million US dollars, excluding brokerage commissions and fees related to investor shares.

SINOMEDIA (00623) announces that on December 17, 2025, the company (as an investor) entered into a cornerstone investment agreement with Shenzhen Xunce and the exclusive sponsor and overall coordinator, whereby the company agreed to subscribe for investor shares at the offer price. The cornerstone investment amount is $10 million USD, excluding brokerage commissions and levies related to investor shares. On December 17, 2025, the company entered into a full discretionary investment management agreement with Oriental Asset Management, whereby the company appointed Oriental Asset Management as the manager to provide services.

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