Xinhua Winshare Publishing & Media (601811.SH) plans to acquire 100% equity of Sichuan Nationalities Publishing House for 346 million yuan.

Xinhua Winshare Publishing & Media (601811.SH) announced that the company plans to acquire, using its own funds, 100% equity of Sichuan Nationalities Publishing House Co., Ltd. held by its controlling shareholder Sichuan Xinhua Publishing & Distribution Group Co., Ltd., for a purchase price of 346 million yuan. In recent years, the company has focused on the development of its core publishing and distribution business in line with its strategic planning. The Nationalities Publishing House holds an authoritative position and scale advantages in fields such as Tibetan-language, Yi-language, and ethnic academic publishing, and has accumulated rich ethnic ancient texts and documents, academic resources, and a team of authors, with significant brand influence. This acquisition will help the company further improve its layout in the ethnic publishing field, enrich its content supply system, enhance industrial resilience and core competitiveness, and support the high-quality development of its core business. At the same time, it will help resolve potential horizontal competition issues and further ensure the company's governance compliance.