Chinese media holding company: intends to apply to the court for property preservation in exchange

Announcement of Huamedia Holdings: The company held the fifteenth meeting of the eleventh board of directors on February 27, 2026, and passed the proposal "Regarding the Application for Property Preservation Substitution to the Court". Some of the company's bank accounts and funds have been frozen due to a contract dispute. The company intends to use its wholly-owned subsidiary, Zhejiang Huamedia Industrial Co., Ltd., as the applicant to apply for property preservation substitution with some real estate assets it holds to the Intermediate People's Court in Hengyang City, Hunan Province. If the company is involved in other lawsuit freeze substitution matters in the court in the future, it can use the assets approved by the board of directors in this meeting to dissolve the fund freeze and improve the efficiency of fund utilization. This matter still needs to be approved by the shareholders' meeting of the company before it can take effect.