Zhejiang Wen Film Production Company intends to participate in setting up a film industry fund with a proposed amount of 200 million yuan.

Zhejiang Text Film announced that the company plans to establish a Zhejiang film industry equity investment fund partnership with affiliated party Changsanjiao Shuwen and other contributors, with a total subscription of 1.009 billion yuan. The company plans to subscribe 200 million yuan, accounting for 19.82%, using its own funds. The fund will be paid in five installments, with each installment of 201.8 million yuan, and the company will pay 40 million yuan in each installment. This transaction constitutes a related party transaction and does not constitute a major asset restructuring, and still requires shareholder approval. The industrial fund has a long investment period, low liquidity, and involves risks such as investment, returns, and exits.