Zhongguo Tianze: Intends to acquire 100% equity of Changsha Tichan Company for 29.6 million yuan.

Zhongguo Tianze announced that the company plans to purchase 100% equity of Changsha Sports Industry Operation Limited Company held by Changsha Radio and Television Group Limited Company with its own funds, at a transaction price of 29.6 million yuan. Changsha Radio and Television is the controlling shareholder of the company, and this transaction constitutes a related party transaction. This transaction does not constitute a major asset restructuring, and it has been reviewed and approved by the company's board of directors and supervisory board. The special meeting of independent directors has also reviewed and approved it, and it has been submitted to the board of directors for approval. In the past 12 months, the cumulative amount of related party transactions between the company and Changsha Radio and its controlled enterprises is 7.2793 million yuan. After the completion of this transaction, the event operation business of Changsha Sports Industry Operation Company will be merged into the company, which is expected to enhance the company's overall competitive advantage and profitability.