Publishing Media (601999.SH) plans to invest 240 million yuan to participate in the establishment of a digital intelligence industry investment fund

Zhitong Finance App News, Publishing Media (601999.SH) issued an announcement. In order to give full play to the advantages of all parties, enhance the company's foreign investment capacity, and further implement the company's strategic development layout, the company plans to participate in the establishment of the Liaoning Digital Intelligence Cultural Industry Investment Fund Partnership (limited partnership) (tentative name, subject to the final approval and registration of the enterprise registration authority). The total amount of capital pledged out of the fund is 1 billion yuan. The company, as the limited partner of the fund, has pledged 240 million yuan with its own funds, accounting for 24% of the total amount of funds pledged by the fund. The initial actual payment amount is 20%, or 48 million yuan. The specific amount and ratio of funds are subject to the “Partnership Agreement” signed at the end.

The fund plans to focus on the field of deep integration of culture and technology, with technology empowering the digital transformation of the cultural industry as the core investment logic, and focusing on the application of artificial intelligence and next-generation information technology in the cultural and Internet industries. The investment field is in synergy with the company's main business and is in line with the company's development strategy.