On July 1st, Global Mofy (GMM.US), a technology solution provider specializing in virtual content creation and 3D digital asset development in the digital entertainment industry, announced with its strategic partners the launch of a private equity fund with a total scale of 500 million RMB. The fund aims to lay out high-growth target in industries such as artificial intelligence, digital economy and digital entertainment by acquiring and investing in upstream and downstream industries of Global Mofy, and promote the overall development of the industry.

The newly established Yangzhou Hengyun Mofy Digital Equity Investment Fund (hereinafter referred to as the "Fund") will be jointly participated by the strategic partners Yangzi Tourism Holding Group Co., Ltd. ("Yangzi Tourism") and Beijing Hengyun International Private Equity Fund Management Co., Ltd. ("Beijing Hengyun Capital"). As a limited partner, Global Mofy will participate in investment and voting decisions, focus on high-quality projects related to the company's business and coordinate and link industry resources to promote the successful implementation of the project. Yangzi Tourism will jointly invest and coordinate government resources to ensure the smooth progress of the fund. As the fund manager, Beijing Hengyun Capital is responsible for the fund's operation and investment decision-making, providing professional fund management and ensuring the standardization of fund procedures.

This fund combines the advantages of private equity funds, listed companies and government support and has the ability to attract multiple investments while promoting enterprise development. This three-dimensional empowering framework ensures our strategic advantage in the strong growth of the digital economy industry. The fund will actively evaluate investment prospects in the fields of artificial intelligence, digital economy and digital entertainment and plans to launch a preliminary investment plan in the second half of 2024.

"The establishment of the fund marks a significant turning point for Global Mofy" said Mr. Yang Haogang, CEO of Global Mofy. "With the rapid development of the industry, our goal is to support entrepreneurs while ensuring that Global Mofy takes a leading position in this digital revolution. Through cooperation with professional and well-known strategic partners, we can significantly expand our investment scope, promote technological research and development, and achieve business growth. More importantly, as the companies we invest in thrive and grow, the value of the fund will also increase accordingly, creating new pathways to promote the expansion of more enterprises. This collaboration not only contributes to our sustainable growth, but also benefits the market. Global Mofy is committed to creating great value for all shareholders."

Strategic cooperation and industry leadership:

Strategic cooperation with state-owned enterprises and private equity funds highlights Global Mofy's leadership and influence in the target industry. This cooperation not only demonstrates the key role we will play in shaping the future digital market, but also further consolidates Global Mofy's position at the forefront of innovation and growth in industries such as artificial intelligence and digital economy.

Technological innovation and sustainable development:

Global Mofy is committed to supporting technological innovation and sustainable development. Our new fund will focus on forward-looking and sustainable projects, further demonstrating our professional capabilities and commitments in these areas. This will not only accelerate industry development, but also bring rich investment opportunities and technical resources to the company, enhancing our technical advantages and market adaptability.

Key role in investment decision-making and future project planning:

Global Mofy plays a key role in the investment decision-making of the fund and has a clear strategic plan for future investment projects. This not only demonstrates our strategic capabilities, but also ensures that the company can effectively grasp market trends and opportunities, optimize capital operations and resource allocation, and achieve sustained growth.

Strategic acquisitions to support the long-term development of Global Mofy:

The establishment of the fund not only brings unprecedented development opportunities to Global Mofy, but also supports the company's acquisition and investment in target industries in the upstream and downstream of the industrial chain, promoting the coordinated development of the entire ecosystem. This will help the company integrate resources, optimize business layout, enhance overall competitiveness and market responsiveness, and ensure that we maintain our advantages in future markets.

About Global Mofy:

Global Mofy is a technology solution provider, focusing on virtual content creation and digital asset development in digital entertainment industry. The company uses its proprietary "Mofy Lab" technology platform, which includes interactive 3D and artificial intelligence ("AI") technologies, to create high-definition virtual 3D versions of various physical objects such as characters, objects, and scenes. These digital assets can be applied in different fields, including but not limited to movies, TV shows, AR/VR, animation, advertising, and games. Global Mofy is one of the leading digital asset repositories in China, with over 30,000 high-precision 3D digital assets. For more information, please visit or ir.globalmofy.cn.