Securities Code: 300703 Securities Abbreviation: Chuangyuan Shares Announcement No.: 2026-054
Ningbo Chuangyuan Culture Development Co., Ltd.
Announcement on Signing Investment Agreement and Progress of Overseas Investment
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Overseas Investment
Ningbo Chuangyuan Culture Development Co., Ltd. (hereinafter referred to as "the Company" or "Chuangyuan Shares") deliberated and approved the "Proposal on the Company's Proposed Overseas Investment" at the 15th meeting of the Fourth Board of Directors on April 15, 2026, and the 2025 Annual Shareholders' Meeting on May 8, 2026. To expand the Company's domestic cultural and creative business segment and accelerate its strategic layout transformation, the Company intends to sign an "Investment Intention Agreement" with Ningbo Cool Play Culture and Creative Co., Ltd. (hereinafter referred to as "Ningbo Cool Play") and its actual controller Wu Shengfeng in Ningbo City. Ningbo Cool Play and Wu Shengfeng will establish Zhejiang Chuangku Future Culture and Creative Co., Ltd. (hereinafter referred to as "Chuangku Future" or "the Target Company") in Ningbo City, Zhejiang Province. Ningbo Cool Play will hold 90% of the Target Company's equity, and Wu Shengfeng will hold 10% of the Target Company's equity.
The intention agreement stipulates that the Target Company will integrate the complete operating assets and corresponding operating teams of more than 30 well-operated and profitable stores within the Ningbo Cool Play system. After the operating assets of the above-mentioned 30+ stores are integrated into the Target Company, the audited pro forma consolidated net profit of the Target Company in 2025 shall not be less than RMB 10 million, and the valuation based on December 31, 2025, shall not be less than 8 times the pro forma consolidated net profit. Provided that the Target Company meets the conditions stipulated in the intention agreement, the Target Company will be valued at 8 times the pro forma consolidated net profit for 2025. Chuangyuan Shares will acquire 90% of the equity held by Ningbo Cool Play in the Target Company. Upon signing this agreement, Chuangyuan Shares intends to pay Ningbo Cool Play an earnest money deposit of RMB 30 million for the equity transfer. For specific details, please refer to the "Announcement on the Company's Proposed Overseas Investment" disclosed by the Company on April 17, 2026 (Announcement No.: 2026-034).