Gehua Cable announced that the company plans to replace part of the shares of China Radio and Television Hebei Network Co., Ltd. with the cable television network assets and business owned by its wholly-owned subsidiary Zhuozhou Gehua. The target of the transaction was Hebei Radio and Television, an enterprise controlled by China Radio and Television Network Co., Ltd., the controlling shareholder of the company. The transaction constituted a related transaction, but did not constitute a major asset restructuring. The transaction was calculated based on the assessed value of relevant assets and shares as of December 31, 2024. The two parties agreed that Zhuozhou Gehua would use the entire cable network asset group at a price of 87.395,800 yuan to subscribe for 4.173,900 additional shares of Hebei Radio and Television, accounting for 1.79% of Hebei Radio and Television's registered capital after the capital increase. The purpose of this transaction is to implement the “one province, one network” integration requirements and improve the efficiency of the company's asset operation. After the transaction is completed, Zhuozhou Gehua will no longer hold cable TV network assets and business, and related revenue and costs will no longer be included in the scope of the listed companies' consolidated statements.

Gehua Cable announced that the company plans to replace part of the shares of China Radio and Television Hebei Network Co., Ltd. with the cable television network assets and business owned by its wholly-owned subsidiary Zhuozhou Gehua. The target of the transaction was Hebei Radio and Television, an enterprise controlled by China Radio and Television Network Co., Ltd., the controlling shareholder of the company. The transaction constituted a related transaction, but did not constitute a major asset restructuring. The transaction was calculated based on the assessed value of relevant assets and shares as of December 31, 2024. The two parties agreed that Zhuozhou Gehua would use the entire cable network asset group at a price of 87.395,800 yuan to subscribe for 4.173,900 additional shares of Hebei Radio and Television, accounting for 1.79% of Hebei Radio and Television's registered capital after the capital increase. The purpose of this transaction is to implement the “one province, one network” integration requirements and improve the efficiency of the company's asset operation. After the transaction is completed, Zhuozhou Gehua will no longer hold cable TV network assets and business, and related revenue and costs will no longer be included in the scope of the listed companies' consolidated statements.