1. Overview of Related Transactions
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Basic Information
Shenzhen Sanqi Interactive Entertainment Network Technology Group Co., Ltd. (hereinafter referred to as "the Company")’s wholly-owned subsidiary Anhui Taiyun Investment Management Co., Ltd. (hereinafter referred to as "Anhui Taiyun") intends to invest in Suzhou Fengying Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Suzhou Fengying Fund"). The actual total scale of the Suzhou Fengying Fund is expected to not exceed RMB 300 million, subject to the actual fundraising situation. Anhui Taiyun plans to invest no more than RMB 30 million as a limited partner using its own funds, while the general partner, Suzhou Junce Venture Capital Partnership (Limited Partnership), intends to contribute no less than RMB 1 million of its own funds, accounting for 0.33% of the fund's subscribed scale. If the final fundraising scale of the Suzhou Fengying Fund is RMB 300 million, and Anhui Taiyun contributes RMB 30 million, then Anhui Taiyun's investment will account for approximately 10% 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, and the spouse of Mr. Xu Zhigao, who served as the general manager in the past twelve months, Ms. Xue Min, intend to jointly invest in the target fund as limited partners.
The investment structure is arranged as follows: Ms. Sun Yuqi intends to contribute RMB 10 million, Ms. Ling Yunyun intends to contribute RMB 5 million, and Ms. Xue Min intends to contribute RMB 2 million, accounting for approximately 3.33%, 1.67%, and 0.67% of the target fund's total scale, respectively. -
Explanation of Related Relationships
Ms. Sun Yuqi is the spouse of Mr. Li Weiwei, the Company’s controlling shareholder and actual controller. Ms. Ling Yunyun is the spouse of Mr. Zeng Kaitian, the current vice chairman and general manager of the Company. Ms. Xue Min is the spouse of Mr. Xu Zhigao, who served as the general manager in the past twelve months. Ms. Sun Yuqi, Ms. Ling Yunyun, and Ms. Xue Min are related natural persons of the Company, and their investment actions constitute a related joint investment with the Company. The above transaction complies with the Shenzhen Stock Exchange's regulations on related transactions. There are no circumstances where the Company directly or indirectly provides loans to directors or senior executives. -
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 and Mr. Zeng Kaitian abstained from voting. This related transaction has been reviewed and approved by the independent directors of the Company at their third special meeting in 2026. According to the relevant provisions of the Shenzhen Stock Exchange's Listing Rules, the Self-Regulatory Guidelines for Listed Companies No. 1, 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. -
Explanation of Whether It Constitutes a Major Asset Restructuring
This joint investment matter with related parties does not constitute a major asset restructuring as defined by the Administrative Measures for Major Asset Restructuring of Listed Companies and does not require approval from relevant departments.