Hubei Radio and Television announced that in order to rationalize the property rights relationship with Hubei Cultural Investment, the company plans to sign a “Targeted Capital Reduction Intent Agreement” with Hubei Cultural Investment, which forms a related transaction. From 2019 to 2020, the company increased its capital to Hubei Cultural Investment twice, investing a total of 288 million yuan and holding 16.67% of its shares. Hubei Cultural Investment 2024 had revenue of 408.59 million yuan, net profit of 2.7741 million yuan, revenue of 358.797 million yuan and net profit of 123.04 million yuan from January to September 2025. The two sides will jointly audit and evaluate the net assets of Hubei Cultural Investment and determine the final transaction price. If the assessed value is lower than the previous investment, it will have a certain impact on the company's current financial period.

Hubei Radio and Television announced that in order to rationalize the property rights relationship with Hubei Cultural Investment, the company plans to sign a “Targeted Capital Reduction Intent Agreement” with Hubei Cultural Investment, which forms a related transaction. From 2019 to 2020, the company increased its capital to Hubei Cultural Investment twice, investing a total of 288 million yuan and holding 16.67% of its shares. Hubei Cultural Investment 2024 had revenue of 408.59 million yuan, net profit of 2.7741 million yuan, revenue of 358.797 million yuan and net profit of 123.04 million yuan from January to September 2025. The two sides will jointly audit and evaluate the net assets of Hubei Cultural Investment and determine the final transaction price. If the assessed value is lower than the previous investment, it will have a certain impact on the company's current financial period.