GUANGXI RADIO AND TELEVISION: The shareholding structure of the controlling shareholder is expected to change

GUANGXI RADIO AND TELEVISION announced that it recently received a notice from its controlling shareholder, Beitou Group, stating that the State-owned Assets Supervision and Administration Commission of the Autonomous Region plans to transfer its 33% equity stake in Beitou Group to Guangxi Guokong Group without compensation. After the transfer is completed, Guangxi Guokong Group will become a minority shareholder of Beitou Group, holding a 33% equity stake in Beitou Group, while the State-owned Assets Supervision and Administration Commission of the Autonomous Region will remain the controlling shareholder of Beitou Group, holding a 67% equity stake. The company's controlling shareholder and actual controller have not changed