According to the announcement by Cultural Investment Holdings, the judicial auction of 2,035,119 debt-paying shares enjoyed by Beijing Cultural Investment Art Co., Ltd. in the company's bankrupt enterprise asset disposal account has been completed. The Beijing Second Intermediate People's Court ruled that the unrestricted tradable shares were deducted at 1.38 yuan per share to the name of the buyer Zhu Mingzong, and the relevant shares have completed the transfer registration. The shares auctioned this time accounted for 0.05% of the company's total share capital. After the transfer, the shareholding ratio of the company's bankrupt corporate property disposal account dropped from 6.50% to 6.45%. This auction will not cause a change in the company's control and will not adversely affect the company's operations.

According to the announcement by Cultural Investment Holdings, the judicial auction of 2,035,119 debt-paying shares enjoyed by Beijing Cultural Investment Art Co., Ltd. in the company's bankrupt enterprise asset disposal account has been completed. The Beijing Second Intermediate People's Court ruled that the unrestricted tradable shares were deducted at 1.38 yuan per share to the name of the buyer Zhu Mingzong, and the relevant shares have completed the transfer registration. The shares auctioned this time accounted for 0.05% of the company's total share capital. After the transfer, the shareholding ratio of the company's bankrupt corporate property disposal account dropped from 6.50% to 6.45%. This auction will not cause a change in the company's control and will not adversely affect the company's operations.