Shareholder of Inly Media Co., Ltd (603598.SH) intends to reduce its stake in the company by no more than 5.4% through agreement transfer.

Inly Media Co., Ltd. (603598.SH) announced that on November 12, 2024, the company received a written notification from its controlling shareholder, Mr. Luo Yanji, proposing to reduce his shareholding in the company through an agreement transfer. The main points are as follows: Mr. Luo Yanji, the controlling shareholder of the company, currently holds 99.2463 million shares, accounting for 36.97% of the total share capital. Due to Mr. Luo Yanji's urgent need to further reduce personal debt and to introduce investors who recognize the company's growth value and optimize the shareholder structure, he plans to start reducing his shareholding by no more than 14.5 million shares, accounting for 5.4% of the total share capital, through agreement transfer starting on November 15, 2024. The transferee in the agreement transfer has no relationship with Mr. Luo Yanji, and the implementation of this reduction plan will not change the control of the listed company.