Dragon Media (605577.SH): Suspension of licensing inspection from September 9

Zhitong Finance App News, Dragon Media (605577.SH) announced that the company's stock closed from August 31 to September 7, 2026, rising and stopping for 6 consecutive trading days. The company's stock price continued to rise 9.12% on September 8. The cumulative increase from August 31 to September 8 was about 93.47%. The cumulative increase in the company's stock price deviates from fundamentals. There is a risk of excessive market sentiment and irrational hype, and there is a risk that stock prices will fall rapidly in the short term. In order to protect investors' interests, the company will suspend trading and verify fluctuations in stock trading.

Following an application to the Shanghai Stock Exchange, trading of the company's shares will be suspended from the opening of the market on September 9, 2026 (Wednesday), and trading will resume after the disclosure of the inspection announcement.

As of the date of this announcement, there have been no significant changes in basic information such as the company's main business, production and operation conditions, and business environment compared to the information disclosed earlier. The company's main business is traditional business such as publishing, printing, and distribution, as well as digital publishing. After self-inspection, the company's AI video business generated revenue of about 80 yuan in June and 75,000 yuan in July, accounting for less than 0.01% of the company's revenue in 2025 after the audit. Currently, there is no significant impact on the company's performance, and it is expected that it will not have a significant impact on the company's performance in the future.