Gelonghui on December 6丨Tianzhou Culture (300148.SZ) announced that before the separation, Tianhong Investment's registered capital was 220 million yuan, of which Hunan Chengqing Technology Development Co., Ltd. held 85.17% of Tianhong's investment shares; Hunan Miaoke Technology Development Co., Ltd. held 4.24% of Tianhong's investment shares; and Changsha Yuxin Technology Development Co., Ltd. held 10.59% of Tianhong's investment shares.

According to the “Separation Agreement”, Tianhong Investment, the controlling shareholder, will carry out a new separation (dissolution of the split) and split into two newly established limited liability companies, Jiachuang Investment and Mingyuan Investment. At the same time, Tianhong Investment will be cancelled. Jiachuang Investment has a registered capital of 190 million yuan, of which Hunan Chengqing Technology Development Co., Ltd. holds 85.17%; Hunan Miaoke Technology Development Co., Ltd. holds 4.24%; and Changsha Yuxin Technology Development Co., Ltd. holds 10.59%. Mingyuan Investment has a registered capital of 30 million yuan, of which Hunan Chengqing Technology Development Co., Ltd. holds 85.17%; Hunan Miaoke Technology Development Co., Ltd. holds 4.24%; and Changsha Yuxin Technology Development Co., Ltd. holds 10.59%.

After the separation was completed, Tianhong Investment owned 98,940,202 unrestricted tradable shares of Tianzhou Culture (accounting for 11.84% of the company's total share capital) owned by Jiachuang Investment. After the change is completed, the controlling shareholder of the company will change from Tianhong Investment to Jiachuang Investment. Mr. Xiao Zhihong will continue to hold 11.84% of the company's shares indirectly through Jiachuang Investment, and the actual controller of the company will not change.