CN CULTURE GP (00745) announced on November 24, 2025, that it has signed a non-binding memorandum of understanding with Gansu Performance Group Cultural Tourism Industry Development Co., Ltd. (Gansu Performance Group). According to the agreement, the two parties intend to establish a joint venture, contingent upon Gansu Performance Group obtaining legal authorization and project documentation for the stage production *Rhythm of Dunhuang • Melody of Prosperity*.

The joint venture will oversee the global performance and promotion of the stage show, with a minimum investment of HKD 20 million. The board believes this collaboration, if finalized, will accelerate the expansion of the company's film division and create significant opportunities for further growth in the Chinese market. Partnering with a state-owned enterprise represents a strategic move that could substantially expedite market penetration.

Key advantages include immediate access to Gansu Performance Group’s extensive local business network, facilitating partnerships with new suppliers, distributors, and key stakeholders. Additionally, aligning with a state-owned entity—which carries inherent credibility and reputation—will enhance CN CULTURE GP’s standing and legitimacy among local clients and business partners. This combination of robust connections and reputational capital is critical for establishing a solid foundation, enabling more efficient operations and paving the way for sustained success in the region.