$VOBILE GROUP(03738.HK) As a globally leading platform and service provider for digital content asset protection and transaction, Vobile Group leverages AI technology to build an integrated ecosystem of copyright protection, value connection, and service collaboration. It currently provides exclusive copyright technology services for Red Fruit Short Drama. According to disclosures from Vobile's 25Q3 earnings conference call, the former Red Fruit micro-short drama platform releases thousands of new episodes monthly, with Vobile processing over 6 million pieces of infringing data daily, of which more than 95% can be taken down. Brokerage analysis suggests that ByteDance's Seedance 2.0 provides conditions for the industrial application of AI video generation. With Red Fruit's short drama platform reaching 300 million monthly active users in January 2026, Vobile, by binding to this super portal, is expected to continuously benefit from the business growth brought by the lowered technical barriers for short dramas.