Cultural Investment Holdings (600715.SH) subsidiary intends to sign a TV series licensing and distribution agreement.

Cultural Investment Holdings (600715.SH) announced that, in order to further increase its market share in series distribution and strengthen its brand influence, the company's wholly-owned subsidiary Beijing Central Axis Weizhen Technology Development Co., Ltd. intends to sign a "TV Series Licensing and Distribution Agreement" with its related-party legal entity Beijing Gehua Film and Television Co., Ltd. ("Gehua Film and Television"), and intends to cooperate with Gehua Film and Television to carry out the non-first-round distribution of a major revolutionary-themed series it co-produced (the "Series"); it intends to pay Gehua Film and Television a licensing fee for the broadcasting rights of the Series at a standard of no more than RMB24 million per satellite TV channel, and obtain the corresponding non-first-round broadcasting rights (broadcasting rights).