Subsidiary of Southern Publishing and Media (601900.SH) plans to invest 10.63 million yuan to establish an investment fund.

Southern Publishing and Media (601900.SH) announced that its subsidiary, Guangdong Southern Publishing and Media Investment Co., Ltd. (referred to as "Southern Publishing Investment"), intends to participate as a limited partner in the establishment of Guangdong Southern Culture and Innovation Venture Capital Partnership Enterprise (Limited Partnership) (referred to as the "Fund"). The total size of the Fund is 21.3 million yuan, with Southern Publishing Investment intending to contribute 10.63 million yuan, accounting for 49.91% of the investment. Investment is the main business of Southern Publishing Investment, and carrying out capital operations is an objective need for its development and business expansion. In order to promote the "Four New" leading, "Four Driving" strategy, and promote the integrated development of "culture + technology", investing back into the main business, enhancing investment empowerment, and moderately increasing investment returns, improving capital operation efficiency. Faced with traditional cultural overcapacity and insufficient supply of emerging formats, in a situation where the safety factor is relatively high and risks are controllable, all parties have jointly established this fund.