Huanxi Media Group Limited and MIGU Co., Ltd. ("MIGU"), a wholly-owned subsidiary of China Mobile Communications Group Co., Ltd. ("China Mobile"), successfully held a strategic cooperation press conference with the theme 5G Enables Future Viewing on the Same Screen in Beijing, the two parties entered into a cooperation agreement to collaborate on several areas including a number of jointly invested films; huanxi.com will set up the Huanxi Theater designated zone on China Mobile's MIGU big screen terminal On-demand digital cinema and small screen terminal MIGU Video APP; and the two parties will work closely to jointly invest in more quality film and TV contents, with Leaping Over The Dragon Gate, a film produced by Gao Qunshu and the first film jointly presented by the two parties, to be broadcasted exclusively both on huanxi.com and Huanxi Theater designated zone on China Mobile 5G FUN Theater on 30 September 2021. Previously, huanxi.com has reached cooperation with leading internet platforms such as Bilibili, Mango TV and Maoyan Entertainment to attract internet traffic. Furthermore, in terms of hardware terminals, huanxi.com APP has reached a majority of domestic big screen terminal users through cooperation with mainstream big screen terminal channels, including Huawei Video, Mi Video, Hisense TV, Skyworth TV, TCL TV, LeTV Super TV and Xgimi Projector. In addition, the huanxi.com applet has previously been connected to Kuaishou, Douyin, WeChat and Baidu, which are the four major platforms with the heaviest internet traffic rates in China. The above-mentioned acquaintance social apps, video social apps and search engines currently attract a large number of users in China, and the applet therefore can bring users faster, more convenient and seamless viewing experience. The cooperation between the Group and MIGU of China Mobile, which is backed by 160 million (160,000,000) users of China Mobile Mobaihe and the empowerment of 5G technology, is expected to help build a large digital cinema, facilitate traffic sharing with huanxi.com and extend user coverage in multiple areas, thereby promoting quality contents from huanxi.com to wider audiences, which is believed to drive the significant growth in the number of users of huanxi. com APP and to accelerate the realization of the value of huanxi.com platform.