Huazhi Digital Media: Completed the repurchase and cancellation of 4.8594 million restricted shares

Huazhi Digital Media announced that the company has completed the repurchase and cancellation of 4.8594 million restricted shares under the 2019 Second Phase Restricted Stock Incentive Plan, accounting for 1.0674% of the company's total share capital before the repurchase, involving 6 incentive recipients. The repurchase price was 3.48 yuan per share, with a total repurchase amount of 16.9107 million yuan. After the completion of this repurchase and cancellation, the company's total share capital will change from 455 million shares to 450 million shares. This repurchase and cancellation will not have a significant impact on the company's financial condition and operating results