Guangxi Radio and Television Information Network Corporation (600936.SH) plans to transfer related debts and assets of radio and television business to Guangxi Network Technology Company.

Guangxi Radio and Television Information Network Corporation (600936.SH) issued an announcement to accelerate the strategic goal of integrating radio and television businesses, optimizing the company's asset structure, revitalizing existing assets, and creating an independent market entity for radio and television business assets. In accordance with the requirements of national cable television network integration and the integrated development of radio and television 5G construction, the company plans to transfer the radio and television business-related assets, debts, and personnel existing on the books to Guangxi Radio and Television Information Network Technology Development Co., Ltd. (referred to as "Radio and Television Network Technology Company"). This matter has been approved by the company's board of directors and shareholders' meeting. Currently, Radio and Television Network Technology Company has been legally established with a registered capital of 100 million yuan. In order to orderly proceed with the transfer-related work, in accordance with the provisions of the Civil Code of the People's Republic of China and relevant laws and regulations, the announcement regarding the transfer of related rights and obligations is as follows: 1. For the company's creditors, units and individuals who have not issued a consent letter for the transfer of rights and have debts with the company, please contact the company to handle the transfer of debts within 10 days from the date of this announcement. Any company-related debts that are not handled within the specified period will be dealt with by the company in accordance with relevant laws or the transfer plan. 2. For the company's debtors, it is considered that the transfer of company rights has been completed from the date of this announcement, and Radio and Television Network Technology Company obtains the position of the creditor for the related debts. Unless otherwise agreed, the debtors should directly fulfill their obligations to Radio and Television Network Technology Company, and the method and conditions of debt repayment remain unchanged.