The concept of Happy Blue Ocean reorganization involves the cooperation intention agreement between Happy Blue Ocean Film and Television Culture Group Co., Ltd. and Jiangsu Cable. According to the agreement, the two parties intend to realize the strategic cooperation between Happiness Blue Ocean and Jiangsu Cable through asset reorganization, shareholding system reform and share issuance. The purpose of this cooperation is to promote the deep integration of the two sides in content production, film and television drama investment and channel expansion, and further enhance market competitiveness. Through restructuring, Happiness Blue Ocean and Jiangsu Cable will jointly explore the film and television culture industry, realize resource sharing and complementary advantages, and bring more development opportunities and business growth potential for both parties.