Tianwei Vision: Broadcasting Network intends to acquire 49% of Changtai Media's equity for 11.76 million yuan.
Tianwei Vision Announcement: Tianwei Vision intends to acquire 49% of the shares of Shenzhen Changtai Media Co., Ltd. held by Shenzhen Zhenhua High-Tech Electronics Co., Ltd. for a transaction price of 11.76 million yuan through its wholly-owned subsidiary, Shenzhen GDCN Network Co., Ltd. This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Regulations on the Management of Major Asset Restructuring of Listed Companies." After the completion of the transaction, the equity structure of Changtai Media will be changed to 100% held by Shenzhen GDCN Network Co., Ltd.
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