浙文影业关于参与投资设立电影产业基金暨关联交易进展公告——投资者详解

一、公告要点速览

• 投资标的：浙江电影产业股权投资基金合伙企业（有限合伙）
• 公司认缴金额：2亿元人民币，资金来源为自有资金，占基金认缴总额的19.82%
• 基金总认缴金额：10.09亿元人民币
• 基金现状：已完成工商登记及合伙协议签署，公司完成首期4,000万元出资
• 执行事务合伙人：长三角数文私募基金管理（杭州）有限公司
• 后续进展关键点：基金尚需通过中国证券投资基金业协会备案，存在相关不确定性风险

二、投资详情及进展

浙文影业集团股份有限公司（以下简称“公司”）早前已通过董事会及临时股东大会审议，决定与关联方长三角数文私募基金管理（杭州）有限公司及其他出资方共同设立浙江电影产业股权投资基金合伙企业（有限合伙）。基金总认缴出资额为100,900万元，公司认缴20,000万元，为第二大出资方，资金将分五期出资，首期已出资4,000万元。

该基金的经营范围为私募基金从事股权投资、投资管理、资产管理等，需在中国证券投资基金业协会备案后方可正式运营。目前工商登记、合伙协议均已完成，核准日期为2026年4月17日。

三、对公司的影响及投资者需关注事项

• 核心竞争力提升：基金将重点投资电影产业优质项目，有助于公司拓展优质项目储备、完善产业链布局，强化在电影市场的话语权，实现“自有制作+基金投资”的双轮驱动。
• 投资结构优化：采用市场化、专业化基金管理，有效分散单一项目风险，优化公司投资组合，拓宽市场化收益渠道，提升资本效益。
• 盈利弹性增强：如基金所投项目成功退出，公司可获得投资收益，增强业绩弹性与发展韧性。
• 财务影响：此次出资分五期进行，资金来源为公司自有资金，对日常经营现金流影响有限。
• 同业竞争风险：本次投资不会导致与关联方同业竞争。
• 合规及风险提示：电影产业基金尚需通过中国证券投资基金业协会备案，若备案未顺利完成将影响项目推进，公司承诺密切关注进展并及时披露，投资者需警惕相关风险。

四、公司与私募基金合作投资现状

截至目前，公司与私募基金合作投资仅涉及本次项目，认缴金额共2亿元，已实缴4,000万元，为已完成首期出资，后续出资将按协议约定分批进行。

五、潜在影响与投资者价值分析

• 行业布局升级：本次基金设立，将推动公司在电影产业链的纵深布局，有助于获取更多优质资源和项目，提升整体估值和资本市场关注度。
• 业绩弹性与成长性：通过基金投资获取的额外收益及项目储备，将为公司带来更强的业绩弹性与长期成长动力。
• 风险关注：后续备案、项目落地及基金投资项目的退出等环节均存在不确定性，投资者需保持关注，特别是政策与行业环境变化可能带来的影响。

六、结语

综合来看，浙文影业本次参与设立电影产业基金，是公司电影主业升级与多元化布局的重要举措，若基金项目顺利推进，将对公司基本面和市场表现产生积极作用，具备一定的股价催化预期。但短期内需关注基金备案进展及资金安排等不确定因素，建议投资者保持关注，理性判断相关风险与机遇。

免责声明：本文基于公司公告及公开信息整理，仅供投资者参考，不构成任何投资建议。投资有风险，决策需谨慎。

English Translation:

Detailed Interpretation of Zhejiang Wenyu Film’s Fund Investment Progress Announcement—For Investors

1. Key Points Summary

• Investment Target: Zhejiang Film Industry Equity Investment Fund Partnership (Limited Partnership)
• Company Subscription: RMB 200 million, self-owned funds, accounting for 19.82% of the fund’s total subscription
• Total Fund Commitment: RMB 1.009 billion
• Fund Status: Business registration and partnership agreement completed; first tranche of RMB 40 million already contributed
• Executive Partner: Yangtze River Delta Digital & Cultural Private Fund Management (Hangzhou) Co., Ltd.
• Key Follow-up: Fund still needs registration with the Asset Management Association of China; uncertainty remains

2. Investment Details & Progress

Zhejiang Wenyu Film Group Co., Ltd. (the “Company”) previously approved, through its board and EGM, to partner with Yangtze River Delta Digital & Cultural Private Fund Management (Hangzhou) Co., Ltd. and other investors to set up Zhejiang Film Industry Equity Investment Fund Partnership (Limited Partnership). The fund’s total commitment is RMB 1.009 billion, with the company subscribing RMB 200 million (the second-largest shareholder), to be paid in five instalments. The first payment of RMB 40 million is already completed.

The fund will focus on equity investment, investment management, and asset management in film, subject to registration with the Asset Management Association of China before officially operating. The business registration and partnership agreement were completed on April 17, 2026.

3. Impact on Company & Investor Highlights

• Core Competitiveness: The fund’s focus on premium film projects will expand the company’s project pool, improve its industry chain layout, and strengthen its market discourse, forming a dual engine of “in-house production + fund investment.”
• Optimized Investment Structure: The professional fund management approach disperses single-project risks and expands market-driven income channels, enhancing capital efficiency.
• Profit Flexibility: If the fund’s projects exit successfully, the company stands to gain investment income, boosting earnings resilience.
• Financial Impact: The contribution will be made in five phases, from self-owned funds, and will not materially impact daily operations’ cash flow.
• No Competition with Related Parties: This investment will not lead to business competition with related parties.
• Compliance & Risk Warning: Registration with the asset management association is pending. If not approved, the project may be delayed or affected. The company will pay close attention to progress and disclose in a timely manner. Investors are advised to be alert to policy and execution risks.

4. Company’s Private Fund Cooperation Status

So far, the company’s private fund cooperation only involves this project, with total commitment of RMB 200 million and RMB 40 million already paid as the first instalment. Further contributions will follow the agreement.

5. Potential Impact & Value Analysis for Investors

• Industry Layout Upgrade: The fund will deepen the company’s presence in the film industry chain, potentially increasing valuation and market attention.
• Earnings Flexibility & Growth: Fund investment could deliver additional income and project reserves, providing long-term growth momentum.
• Risks to Watch: Registration, project execution, and investment exits are uncertain. Investors should stay informed, especially regarding policy and industry changes.

6. Conclusion

Overall, this fund participation is a key move for Zhejiang Wenyu Film to upgrade its main business and diversify. If smoothly executed, it could positively impact fundamentals and share price. However, short-term uncertainties remain regarding registration and capital deployment. Investors should pay attention and judge risks and opportunities rationally.

Disclaimer: This article is based on company announcements and public information for reference only. It does not constitute investment advice. Investments carry risk; please make decisions prudently.

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