SMART FISH (00139) announced that to expand business diversification and enrich revenue sources, the Group has strategically positioned itself in the short drama industry, actively engaging in content production and industry investment. To date, development has been rapid with remarkable achievements, and overall progress meets expectations.

Through relevant委托, the Group has successfully established a complete business chain from content development and production to online distribution by systematically integrating high-quality content creation resources, professional production teams, and efficient marketing and distribution channels within the industry, achieving scaled output and market deployment of multiple works.

In September 2025 alone, the Group completed the planning and production of 9 short dramas, covering mainstream market genres including period legends, urban romance, ancient costume female-centered stories, and male-oriented creative content, demonstrating rapid content response and production capabilities. Representative works include "Return to the 80s, Managing My Rough Husband," "Reborn as a Stock Prodigy, Leading Dad to Become the Richest," "Day and Night Private Collection," "Secretly Keeping a Spring Star," and "The Swallow Returns to Nest."

Currently, the short dramas launched in September have achieved strong results, with some works such as "Don't Lower Your Head, the Crown Will Fall" and "Sunny April" showing outstanding market performance, entering the top three and top five of industry rankings respectively, demonstrating that the Group has formed strong competitiveness in content quality control and market-oriented operations.

The Group will continue to firmly expand investment in the short drama industry, further strengthening three core capabilities: content innovation, technology application, and distribution expansion, with a focus on expanding the global short drama market and enhancing the international level of the business.

Furthermore, the Board believes that the short drama industry, as an important sector of digital content consumption, has sustained growth potential. This business expansion aligns with the Group's strategic direction of seeking new growth drivers and will help optimize the Group's business structure and revenue model. The Group will closely monitor market dynamics, steadily advance investment and operations in the short drama business, and is committed to enhancing shareholder value.