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.
Shenzhen Topway Video Communication Co LtdPlans to sign cooperation letter with controlling shareholder for projects up to 18.07 million yuan, a connected transaction that may enhance brand influence and competitiveness.
As the subsidiary, Tianqing Digital will collaborate on market expansion and project implementation, potentially securing new business.
