According to the Jinhe Commercial Management announcement, Jinhe Group, the controlling shareholder of the company, signed a share transfer agreement with Hangzhou Huigao to transfer its 708.74 million unrestricted tradable shares at a price of 8.424 yuan per share, accounting for 14.9998% of the company's total share capital, with a total transfer consideration of 597 million yuan. After the transfer was completed, Jinhe Group's shareholding ratio fell to 43.0002%. It is still the company's controlling shareholder, and the company's control remains unchanged; Hangzhou Huigao will become the company's shareholder holding 5% or more of the company's shares, promising not to reduce the underlying shares within 18 months from the date of share transfer, and not inject assets into the listed company for 36 months after the transaction is completed. Jinhe Group promised that if the related company Shanghai Radio and Television Pudong Co., Ltd. fails to pay the compensation in full by February 5, 2027, it will provide the company with the same amount of unsettled funds free of charge. The transfer still requires compliance confirmation and share transfer procedures by the Shanghai Stock Exchange, and there is uncertainty.

According to the Jinhe Commercial Management announcement, Jinhe Group, the controlling shareholder of the company, signed a share transfer agreement with Hangzhou Huigao to transfer its 708.74 million unrestricted tradable shares at a price of 8.424 yuan per share, accounting for 14.9998% of the company's total share capital, with a total transfer consideration of 597 million yuan. After the transfer was completed, Jinhe Group's shareholding ratio fell to 43.0002%. It is still the company's controlling shareholder, and the company's control remains unchanged; Hangzhou Huigao will become the company's shareholder holding 5% or more of the company's shares, promising not to reduce the underlying shares within 18 months from the date of share transfer, and not inject assets into the listed company for 36 months after the transaction is completed. Jinhe Group promised that if the related company Shanghai Radio and Television Pudong Co., Ltd. fails to pay the compensation in full by February 5, 2027, it will provide the company with the same amount of unsettled funds free of charge. The transfer still requires compliance confirmation and share transfer procedures by the Shanghai Stock Exchange, and there is uncertainty.