Huanxi Media Group Limited (Stock Code: 1003) has announced entering into a strategic cooperation framework agreement with Shanghai Stepfun Intelligent Technology Co., Ltd. on November 11, 2025. The intended collaboration centers on combining Huanxi Media’s strengths in film and television with Stepfun’s large-model expertise, aiming to establish a joint venture for data cooperation and technology development.

Under the agreement, both parties intend to share relevant film and television data to facilitate AI model training and optimization, jointly pursue research and development of large-model technology, and explore its application within film, television, interactive entertainment, and game development. The initiative also focuses on co-production and creation of content using AI technology, and further cooperation in resource and capital investment. The partnership will include regular leadership meetings, direct communication channels, and working groups to oversee the progress and address strategic and operational issues.

According to the announcement, Stepfun is an independent third party and is principally engaged in developing AI-native applications through large-model technology. Huanxi Media believes that this cooperation will expand business opportunities, broaden revenue streams, reduce film production costs, and enhance overall financial performance. Shareholders and potential investors are advised to note that this agreement provides a framework for collaboration, and further details will depend on definitive agreements that may be signed in the future.