Cross-border communication: proposed extension of the private equity fund term by 2 years to 2027.

The announcement from Sohu.com stated that the company used its own funds of 20 million yuan in 2018 to subscribe for shares in the Ningbo Meishan Free Trade Port Zone Huagai Hongqi Equity Investment Partnership Enterprise. As of the disclosure date of the announcement, they have received a distribution of 1.4795 million yuan, with the remaining principal of 18.6814 million yuan. Considering that the invested project has not completed its exit, the company has agreed to extend the term of the partnership enterprise for an additional 2 years until April 25, 2027, during which no fund management fees will be charged. This matter still needs to be voted on at the partnership meeting and there is uncertainty, so the company will closely monitor the progress and disclose it in a timely manner.