Electric Broadcasting Media: Intends to jointly invest in the establishment of "Zhangjiajie Mango Culture Tourism Co., Ltd."

Announcement of Electric Broadcast and Media Group: The company, Mango Super Media Co., Ltd., and Zhangjiajie Tourism Group Co., Ltd. intend to jointly invest in the establishment of "Zhangjiajie Mango Cultural and Tourism Co., Ltd." The registered capital of the joint venture company is 180 million RMB, with Electric Broadcast and Media Group investing 60 million RMB in cash, accounting for approximately 33.33% of the total investment; Mango Super Media investing 60 million RMB in cash, accounting for approximately 33.33% of the total investment; Zhangjiajie Tourism Group investing 60 million RMB in cash, accounting for approximately 33.33% of the total investment.