Mango Super Media (300413.SZ) plans to invest 475.2 million yuan in the reorganization of Zhangjiajie (000430.SZ).

Zhichong Finance APP News, Mango Super Media (300413.SZ) announced that the company and its wholly-owned subsidiary Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd. (hereinafter referred to as "Happy Sunshine") intends to subscribe for 1.2 billion shares of Zhang Lu Group's share increase with its own funds, at a subscription price of 50% of the average trading price of Zhang Lu Group's stock for the 60 trading days before the signing of the "Restructuring Investment Agreement" (excluding the day of signing the agreement), i.e. 3.96 yuan per share, with a subscription amount of approximately 4.752 billion yuan. Among them, the company will directly subscribe for 300 million shares with its own funds, with a lock-up period of 18 months; Happy Sunshine will subscribe for 900 million shares through a fund with its own funds, with a lock-up period of 18 months. The fund is managed by Shenzhen Dachen Cai Zhi Venture Capital Management Co., Ltd., a subsidiary of Hunan Radio and Television Broadcast Media Co., Ltd. (hereinafter referred to as "Da Chen Cai Zhi"), with Happy Sunshine as a limited partner (LP). On November 13, 2025, the company signed the "Restructuring Investment Agreement" with Zhang Lu Group, and Da Chen Cai Zhi signed the agreement with Zhang Lu Group separately, with conditions attached.