Guangxi Broadcasting and Television: Controlling shareholder's equity structure is proposed to undergo changes.

Recently received a notice from the controlling shareholder Beitu Group, the Autonomous Region State-owned Assets Supervision and Administration Commission intends to transfer its 33% equity of Beitu Group to Guangxi Guokong Group for free. After this transfer is completed, Guangxi Guokong Group will become a minority shareholder of Beitu Group, holding 33% of its equity, the Autonomous Region State-owned Assets Supervision and Administration Commission will still be the controlling shareholder of Beitu Group, holding 67% of its equity. There have been no changes to the company's controlling shareholder or actual controller.