BGCTV announced that the company plans to swap the cable television network assets and business held by its wholly-owned subsidiary Zhuozhou Gehua with a portion of the equity of China Broadcasting Hebei Network Co., Ltd. The trading counterpart Hebei Broadcasting is an enterprise controlled by the company's controlling shareholder China Broadcasting Network Co., Ltd. This transaction constitutes a related party transaction but does not constitute a major asset reorganization. The transaction is based on the assessed value of the relevant assets and equity as of December 31, 2024. Both parties have agreed that Zhuozhou Gehua will value all cable network assets at 87.3958 million yuan and subscribe for an additional 4.1739 million shares of Hebei Broadcasting, accounting for 1.79% of the registered capital of Hebei Broadcasting after the capital increase. This transaction aims to implement the "one province, one network" integration work requirements and improve the company's asset operation efficiency. After the transaction is completed, Zhuozhou Gehua will no longer hold cable television network assets and business, and the related income and costs will no longer be included in the consolidated financial statements of the listed company