According to Zhitong Finance App, Bigao Group (08220.HK) announced that on July 29, 2026, the Company and China National Cultural Industry Group Co., Ltd. (China Cultural Industry Group) entered into a joint shareholder agreement (joint venture agreement) to establish a joint venture in Hong Kong through joint investment. According to the joint venture agreement, the Company and China Cultural Industry Group intend to hold 40% and 60% of the joint venture interests respectively through their respective affiliates or designated entities. A joint venture agreement only reflects the intention of the contracting parties to cooperate, and its terms are legally binding on the contracting parties, and they are required to further negotiate and confirm the details of the cooperation after entering into the joint venture agreement, including the specific amount of investment and the establishment of a joint venture. Once agreement has been reached on the details of cooperation, the contracting parties are required to further enter into corresponding supplementary agreements.

According to Zhitong Finance App, Bigao Group (08220.HK) announced that on July 29, 2026, the Company and China National Cultural Industry Group Co., Ltd. (China Cultural Industry Group) entered into a joint shareholder agreement (joint venture agreement) to establish a joint venture in Hong Kong through joint investment. According to the joint venture agreement, the Company and China Cultural Industry Group intend to hold 40% and 60% of the joint venture interests respectively through their respective affiliates or designated entities. A joint venture agreement only reflects the intention of the contracting parties to cooperate, and its terms are legally binding on the contracting parties, and they are required to further negotiate and confirm the details of the cooperation after entering into the joint venture agreement, including the specific amount of investment and the establishment of a joint venture. Once agreement has been reached on the details of cooperation, the contracting parties are required to further enter into corresponding supplementary agreements.