Jiachuang Video announced that Chen Kunjiang, the controlling shareholder, actual controller, and chairman of the company, decided to exempt the company from a total loan principal debt of 35 million yuan. There are no conditions attached to the exemption. Once irrevocable or revoked, the company is not required to fulfill its repayment obligations. The transaction constituted a related transaction. It was reviewed and approved at the 3rd meeting of the 7th board of directors of the company. Related director Chen Kunjiang avoided voting, did not need to be submitted to the shareholders' meeting for review, and did not constitute a major asset restructuring. The transaction will help ease the pressure on the company's debt and reduce its financial burden. As of the disclosure date of the announcement, Chen Kunjiang held 60.2498 million shares of the company, accounting for 13.98% of the company's total share capital.

Jiachuang Video announced that Chen Kunjiang, the controlling shareholder, actual controller, and chairman of the company, decided to exempt the company from a total loan principal debt of 35 million yuan. There are no conditions attached to the exemption. Once irrevocable or revoked, the company is not required to fulfill its repayment obligations. The transaction constituted a related transaction. It was reviewed and approved at the 3rd meeting of the 7th board of directors of the company. Related director Chen Kunjiang avoided voting, did not need to be submitted to the shareholders' meeting for review, and did not constitute a major asset restructuring. The transaction will help ease the pressure on the company's debt and reduce its financial burden. As of the disclosure date of the announcement, Chen Kunjiang held 60.2498 million shares of the company, accounting for 13.98% of the company's total share capital.