Announcement on the Joint Investment by Wholly-Owned Subsidiary and Related Parties in Qiongqing City Yaokun Venture Capital Partnership (Limited Partnership)
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
1. Overview of Related Transactions
- Basic Information Shenzhen Sanqi Interactive Entertainment Network Technology Group Co., Ltd. (hereinafter referred to as "the Company") intends for its wholly-owned subsidiary Anhui Taiyun Investment Management Co., Ltd. (hereinafter referred to as "Anhui Taiyun") to invest in Qiongqing City Yaokun Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Qiongqing City Yaokun Fund"). The total expected scale of the Qiongqing City Yaokun Fund is estimated to not exceed RMB 118 million, subject to the actual fundraising situation. Anhui Taiyun intends to invest no more than RMB 20 million as a limited partner, while the general partner, Qiongqing Peiyu Investment Partnership (Limited Partnership), plans to contribute no less than RMB 1 million, accounting for 0.85% of the fund's subscribed scale. If the final fundraising scale of the Qiongqing City Yaokun Fund is RMB 118 million, and Anhui Taiyun invests RMB 20 million, then Anhui Taiyun's investment will account for approximately 16.95% of the fund's scale.
Based on confidence in the invested enterprises, the spouse of the Company's controlling shareholder, actual controller, and chairman Mr. Li Weiwei, Ms. Sun Yuqi; the spouse of the current vice chairman and general manager Mr. Zeng Kaitian, Ms. Ling Yunyun; current director and financial director Mr. Ye Wei; Mr. Yang Jun, who served as a director and vice general manager in the past twelve months; and Ms. Xue Min, the spouse of Mr. Xu Zhigao, who served as general manager in the past twelve months, intend to invest in the Qiongqing City Yaokun Fund as limited partners.
Investment structure arrangements: Ms. Sun Yuqi intends to invest RMB 10 million, Ms. Ling Yunyun intends to invest RMB 10 million, Mr. Ye Wei intends to invest RMB 1 million, Mr. Yang Jun intends to invest RMB 2 million, and Ms. Xue Min intends to invest RMB 6 million, accounting for approximately 8.47%, 8.47%, 0.85%, 1.69%, and 5.08% of the total scale of the Qiongqing City Yaokun Fund, respectively.
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Explanation of Related Relationships Ms. Sun Yuqi is the spouse of the Company's controlling shareholder, actual controller, and chairman Mr. Li Weiwei; Ms. Ling Yunyun is the spouse of the current vice chairman and general manager Mr. Zeng Kaitian; Mr. Ye Wei is a current director and financial director; Mr. Yang Jun served as a director and vice general manager in the past twelve months; and Ms. Xue Min is the spouse of Mr. Xu Zhigao, who served as general manager in the past twelve months. Ms. Sun Yuqi, Ms. Ling Yunyun, Mr. Ye Wei, Mr. Yang Jun, and Ms. Xue Min are related natural persons of the Company, and their investment actions constitute a related joint investment with the Company. The aforementioned transaction complies with the Shenzhen Stock Exchange's regulations on related transactions. This related transaction does not involve the Company directly or indirectly providing loans to directors or senior executives.
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Review Situation The Company held the tenth meeting of the seventh board of directors on May 26, 2026, and approved the proposal on joint investment by the wholly-owned subsidiary and related parties. Related directors Mr. Li Weiwei, Mr. Zeng Kaitian, and Mr. Ye Wei abstained from voting. This related transaction has been reviewed and approved by the independent directors of the Company's seventh board of directors at their third special meeting in 2026. According to the Shenzhen Stock Exchange's regulations and the Company's articles of association, the amount of this related transaction is within the board's approval authority and does not require submission to the shareholders' meeting for review.