Radio and Television Express announced that in order to optimize resource allocation and rationalize the management structure, improve management efficiency and professional management level, Radio and Television Express plans to transfer 51% of its Qingyuan Digital Investment shares to its wholly-owned subsidiary Guangzhou Radio and Television Digital Economy Investment and Operation Co., Ltd. free of charge. After the transfer is completed, Qingyuan Digital Investment will become a holding subsidiary of Radio and Television Digital Investment. This equity transfer had no significant impact on the company's financial position and operating results, and did not involve changes in the scope of consolidated statements.

Radio and Television Express announced that in order to optimize resource allocation and rationalize the management structure, improve management efficiency and professional management level, Radio and Television Express plans to transfer 51% of its Qingyuan Digital Investment shares to its wholly-owned subsidiary Guangzhou Radio and Television Digital Economy Investment and Operation Co., Ltd. free of charge. After the transfer is completed, Qingyuan Digital Investment will become a holding subsidiary of Radio and Television Digital Investment. This equity transfer had no significant impact on the company's financial position and operating results, and did not involve changes in the scope of consolidated statements.