Hubei Radio and Television: Intends to sign an agreement with Hubei Cultural Investment to reduce capital through targeted means.

Hubei Radio and Television announced that, in order to clarify the property rights relationship with Hubei Culture and Tourism Development, the company plans to sign an "Intention Agreement for Directed Capital Reduction" with Hubei Culture and Tourism Development, constituting a related party transaction. In 2019-2020, the company increased its capital twice to Hubei Culture and Tourism Development, with a total investment of 288 million yuan, holding 16.67% of its equity. In 2024, Hubei Culture and Tourism Development had a revenue of 40.859 million yuan and a net profit of 2.7741 million yuan. From January to September 2025, the revenue was 35.8797 million yuan, with a net loss of 12.3004 million yuan. Both parties will jointly audit and evaluate the net assets of Hubei Culture and Tourism Development to determine the final transaction price. If the assessed value is lower than the previous investment, it will have a certain impact on the company's current financial situation.