DZCM plans to transfer 57.14% equity of Reader Communication for 21.1658 million yuan

According to the announcement from Zhitong Finance APP, Reader Media (603999.SH) has decided to transfer 57.14% of its equity in Reader Cultural Communication Co., Ltd. (referred to as "Reader Wen Chuan") to Reader Cultural Tourism Co., Ltd. (referred to as "Reader Wen Lv") through a negotiated transfer at an assessed value of 21.1658 million yuan. The profits and losses generated by Reader Wen Chuan from the assessment benchmark date to the property delivery date will be borne by Reader Wen Lv.

This equity transfer is an important measure for the company to deepen reform and improve quality and efficiency. By disposing of low-quality and low-efficiency assets, it is beneficial to enhance the quality of the company's management and improve its operating performance, contributing to the company's high-quality development. After the completion of this transaction, the company's consolidated financial statements will reduce the consolidated entity, which will not have a significant impact on the company's current profits and losses