Zhejiang Xinhua Culture (stock code 600633.SH) plans to invest 100 million yuan to participate in the establishment of the Wangcheng Fund.

Wisdom Financial APP News, Zhejiang Culture (600633.SH) announced that in order to actively promote the company's innovative exploration of the new path of "culture+technology" integration development, they will focus on investing in innovative tracks, such as "culture+technology". On September 29, 2025, the company signed a "Partnership Agreement" with Zhejiang Ban Media and Xinglu Investment to establish Zhejiang Wangchen Digital Entrepreneurship Investment Partnership Enterprise (Limited Partnership) (tentative name, subject to approval by the enterprise registration authority, referred to as "Wangchen Fund"). The total subscribed capital of this fund is 201 million yuan, with the company planning to subscribe 100 million yuan, accounting for 49.75% of the total subscribed capital of the fund.