On November 27, Glonghui reported that Ciwen Media Co., Ltd. (002343.SZ) announced that it would hold the twenty-fifth meeting of the ninth board of directors on November 27, 2024, to review and approve the proposal regarding the joint investment by its wholly-owned subsidiary Shanghai Ciwen Film and Television Communication Co., Ltd. and professional investment institutions and related parties, as well as the related party transactions. It was agreed that the wholly-owned subsidiary Shanghai Ciwen would act as a limited partner and invest no more than 16 million yuan of its own funds to jointly subscribe for the corresponding shares of the Quanzhou Luxuan fund with the company's related party Huazhang Tiandi Media Investment Holding Group Co., Ltd. (hereinafter referred to as "Huazhang Investment"). Authorized the person in charge of Shanghai Ciwen to sign the fund partnership agreement and related legal documents. The fund manager is the professional investment institution Beijing Xuhui Investment Management Co., Ltd. (referred to as "Xuhui Investment").
The fund will specifically subscribe for the limited partnership shares of the target limited partnership enterprise and acquire shares of certain listed companies recognized as valuable by the fund through the target limited partnership enterprise.
