Shanghai Xinhua Media (600825.SH) has no equity or business cooperation with Jieyue Xingchen.

Shanghai Xinhua Media (600825.SH) announcement: The company's stock experienced abnormal fluctuations in trading on February 21, 2025, and February 24, 2025, with a cumulative price deviation exceeding 20%. After conducting a self-examination, the company clarified that the market rumors of a joint venture with Jieyue Xingchen to establish Caiyue Xingchen are untrue. As of now, the company has no equity or business cooperation with Jieyue Xingchen. The company has not identified any other media reports or market rumors that could have a significant impact on the company's stock trading prices, nor has it been involved in any market hot topics or concepts.