Shenzhen Topway Video Communication Co Ltd

Tianwei Video's holding subsidiary Tianqing Digital plans to sign a cooperation letter of intent with its controlling shareholder Shenzhen Media Group, with the total project amount during the cooperation period not exceeding 18.07 million yuan. The proposal has been reviewed and approved at the 18th meeting of the company's ninth board of directors. The two parties will integrate resources around Shenzhen Media Group's space design and construction projects, and collaborate on market expansion and project implementation. As Shenzhen Media Group is the company's controlling shareholder and actual controller, this transaction constitutes a connected transaction, and three connected directors abstained from voting. The company stated that this cooperation will help enhance brand influence and market competitiveness, and will not affect its independence.

Topway Video Communication has completed its board election, with Ji Tong officially assuming the roles of party secretary and chairman. Ji Tong currently serves as deputy general manager of Shenzhen Media Group and has spent over two decades in Shenzhen's state-owned assets system, with previous roles at Shenzhen Gas Corporation, Shenzhen Investment Holdings, Futian Investment Holdings, and Gemdale Corporation. He brings a blend of public utility operational experience, top-level strategic design capabilities in state-owned assets, and expertise in listed company governance and major project execution. The controlling shareholder, Shenzhen Media Group, views this leadership change as a strategic move to drive the company's transformation and breakthrough, deepen state-owned capital reform, and expand the government-enterprise market. It is expected to inject development momentum across four dimensions: corporate governance, institutional reform, project implementation, and performance growth. Ji Tong stated he will stabilize the existing user base, enhance per-user value, and focus on smart city niche scenarios, with an emphasis on expanding digital solutions in livelihood services such as education, elderly care, and cultural tourism. The company has already initiated strategic cooperation with Shenzhen Xingfu Health Group and is preparing to establish a state-owned enterprise online supervision and security operations sub-center in Shenzhen, entering the government-enterprise service sector. During his tenure at Futian Investment Holdings, Ji Tong led multiple urban renewal projects worth tens of billions of yuan, and his cross-institutional resource integration and major project execution capabilities are expected to help Topway Video Communication capture market dividends in smart city and state-owned asset digital transformation.