Guangxi Radio and Television: No longer operating in radio and television related businesses, will focus on the smart transportation field in the future.

On May 30th, Guangxi Radio and Television Information Network Co., Ltd. released a major asset swap and related transaction report. The announcement indicated that this transaction involves a major asset swap, which involves Guangxi Radio and Television transferring 100% of its equity in Guangxi Radio and Television Technology, and at the same time acquiring 51% of the equity in Sino-Science Group held by North Investment Group, the controlling shareholder of Guangxi Radio and Television.