Southern Media: Subsidiary Southern Media Investment has subscribed 28 million yuan to participate in the establishment of an investment fund.

Southern Media Announcement: The company's subsidiary, Guangdong Southern Media Investment Co., Ltd., as a limited partner, has committed to contribute 28 million yuan. It holds 49.91% of the shares in cooperation with the company's related party, Guangdong Publishing Group Investment Co., Ltd., to establish Guangdong NanChuan Data Intelligence No.1 Venture Capital Partnership. The total scale of this industry fund is 56.1 million yuan, covering various investment areas such as cultural industry, cultural technology industry, new technology and electronic industry, high-end equipment and intelligent manufacturing. This related transaction does not meet the standards for review by the board of directors or shareholders' meeting and does not require approval from the board of directors or shareholders' meeting.