The company has announced that on June 11, 2026, its wholly-owned subsidiary entered into a non-binding memorandum of understanding with Hainan Jiuyu Wanhe Film Industry Co., Ltd. regarding a proposed collaborative venture.
This memorandum outlines a framework for the two parties to collaborate on the investment, production, global distribution, and compliance development of live-action and AI-driven short-form drama projects with international market potential.
The specific terms of the partnership are subject to further negotiation and the execution of a definitive formal agreement. The memorandum itself does not create any legally binding obligations for the involved parties concerning the proposed collaboration.
According to information provided by Hainan Jiuyu Wanhe, the company is primarily engaged in the investment, production, and global distribution of short-form dramas within mainland China. Its operations also extend into AI-generated content, immersive technology applications, and it possesses full-chain operational capabilities for short-form dramas along with overseas resources.
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