Xinhua Media (600825.SH) plans to issue shares to buy 100% of the shares of Interface Finance Association and resume trading on September 21

Zhitong Finance App News, Xinhua Media (600825.SH) announced that the company plans to purchase 100% of its shares in Shanghai Interface Finance Association Technology Co., Ltd. from 13 counterparties including Shanghai Poster Group Cultural New Media Investment Management Co., Ltd. by issuing shares. As of the signing date of the plan, the audit and evaluation of this transaction had not been completed, and the assessed value and transaction price of the underlying assets had not yet been determined. It is expected to constitute a major asset restructuring, not a restructuring and listing. Trading of the company's shares will resume on September 21, 2026.

Prior to this transaction, the company's main business was mainly traditional publishing and distribution businesses such as book distribution and newspaper management. The target company Interface Finance Association is a financial new media and financial information service provider. It has formed three major business segments: commercial information services, financial information services, and internet advertising services. The target company has strong original content production capabilities, mature intelligent data systems, and comprehensive media coverage capabilities.

After the transaction is completed, the company will add financial new media operations, commercial information services, financial information services and internet advertising services to the original book distribution and newspaper management business. The business structure will be further enriched, revenue sources will tend to be diversified, and the business synergy effect will be obvious. Using the advantages of existing channels, we have formed a trend where online financial new media operations and offline book and newspaper businesses are carried out both online and offline. The effects of business integration will be gradually realized through subsequent management.