Zhongnan Media (601098.SH) plans to invest 48 million yuan to implement the Hunan Book City upgrade project.

Zhongnan Media (601098.SH) issued an announcement on the Zhitong Finance and Economics APP, stating that in order to continue to promote the transformation and upgrading of regional center stores towards standardization, informatization, and new business formats, further strengthen the functional positioning of cultural service windows, enhance core competitiveness and sustainable business capabilities, Zhongnan Medias wholly-owned subsidiary, the Provincial Xinhua Bookstore and its branches and subsidiaries, plan to use 48 million yuan of funds raised to implement this project. The core implementation content includes the reconstruction of internal functional zones, upgrading of interior space decoration, and renovation of the building facade.