Hubei Radio & Television Information Network (000665.SZ) is planning to change its actual controlling shareholder to the Hubei Provincial Party Committee Propaganda Department.

Hubei Radio & Television Information Network (000665.SZ) announced that Hubei Radio and Television Station intends to transfer 62.1289% of the equity of Hubei Chu Tian Broadcasting and Television Information Network Co., Ltd. (referred to as "Chu Tian Network") and 100% of the equity of Hubei Cable Television Network Co., Ltd. (which holds 30.7458% of the equity of Chu Tian Network) held by its wholly-owned subsidiary Hubei Changjiang Broadband Media Group Co., Ltd. (referred to as "Changjiang Broadband Group") to Hubei Cultural Industry Development Investment Co., Ltd. (referred to as "Hubei Wen Tou"), completing the transfer of 92.8747% equity of Chu Tian Network. After the transfer, the company's controlling shareholder remains unchanged, still being Hubei Chu Tian Digital Television Co., Ltd. (referred to as "Chu Tian Digital"), and its shareholding in the company remains unchanged; the actual controller of the company is no longer Hubei Radio and Television Station, but is proposed to be changed to the Propaganda Department of the Hubei Provincial Party Committee.