Hua Zhi Media: Completed buyback and cancellation of 4,859,400 restricted shares.

Hua Zhi Media announced that the company has completed the repurchase and cancellation of 4.8594 million restricted shares under the 2019 second phase restricted stock incentive plan, accounting for 1.0674% of the total share capital before the repurchase. The repurchase involved 6 incentive recipients, with a repurchase price of 3.48 yuan per share and a total repurchase amount of 16.9107 million yuan. After the completion of this repurchase and cancellation, the total share capital of the company has changed from 455 million shares to 450 million shares. This repurchase and cancellation will not have a significant impact on the financial condition and operating results of the company.