Xinhua Media has no equity or business cooperation relationship with Jielue Xingchen
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Xinhua Media announced that due to the cumulative increase in the closing prices of its stock exceeding 20% on February 21 and February 24, 2025, it constitutes an abnormal fluctuation. The company clarified that there is no equity or business cooperation relationship with JieYue XingChen, and the market rumor of "jointly establishing CaiYue XingChen" is untrue. The company has not found any other media reports or market rumors that may affect the stock trading price
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