Dunhong Capital Management

Xiaoyu Link is an online video conference solution provider. Xiaoyu Link plans to use the proceeds to enhance its sales and marketing efforts, as well as carrying out research in new products and technologies.

Hangzhou Arcvideo Technology Co., Ltd. specializes in intelligent video solutions and video cloud services. Founded in 2010 and headquartered in Hangzhou, China, with a branch in Beijing, the company provides a range of offerings, including online live encoding and transcoding systems, on-site all-in-one machines, and IP multi-screen video surveillance systems. Arcvideo also delivers live broadcast solutions tailored for various applications, such as VR video broadcasts and IP live master control resources. Additionally, the company produces financial media content and offers a cloud video processing platform, encompassing streaming media source systems and hybrid cloud solutions. Their interactive media operations include systems for IPTV/OTT and small screen content management. The firm supports various sectors, including radio and television, Internet video, education, public security, and government, through core algorithm research and applications in video transcoding, intelligent portrait recognition, and low-latency communication.

Hangzhou Sparkly Key Co., Ltd. is a Chinese company specializing in animation production services. It offers original animation and film production, utilizing advanced 3D and cartoon rendering technologies to create high-quality hand-drawn animations. These animations are employed in various media, including books, audio, and videos, allowing viewers to experience engaging films and animations along with related derivative products.

Shanghai Shangxiang Entertainment Group produces entertainment content. The firm was founded in 2009 and is headquartered in China.

Hangzhou Sparkly Key Co., Ltd. is a Chinese company specializing in animation production services. It offers original animation and film production, utilizing advanced 3D and cartoon rendering technologies to create high-quality hand-drawn animations. These animations are employed in various media, including books, audio, and videos, allowing viewers to experience engaging films and animations along with related derivative products.

Operator of children's art education institution. The company offers oil painting, Chinese painting, calligraphy, ceramic art, international animation and other courses for youth aged 3-17. It has standardized and systematic teaching system, and an international perspective, providing children with a a rich and wise artistic life.

Shanghai Guohuai Financial Information Service Co., Ltd. specializes in internet finance related business. It was founded on April 2015 and is based in China.

Huajiao Information Technology (Beijing) Co., Ltd., founded in 2015 and based in Beijing, China, operates a live streaming mobile application that allows users to create and share short videos. The platform features a diverse range of live shows, including music and dance, and facilitates user engagement by enabling them to upload their own videos, gain followers, and receive rewards. This interactive environment fosters both content creation and community building among its users, making it a prominent player in the live streaming space.