According to Huace Film and Television's announcement, the company has completed the repurchase and cancellation of some Class I restricted shares. A total of 410.4 million shares were repurchased and cancelled, accounting for 0.0022% of the current total share capital. The repurchase price was 3.566 yuan/share, and the repurchase capital was about 146,300 yuan, all of which were its own funds. As of August 20, the above shares have been repurchased and cancelled, and the total share capital of the company was changed from 1,874,812,705 shares to 1,874,771,665 shares. The cancellation of this repurchase was due to 1 incentive target's failure to pass the personal performance assessment and failure to meet the conditions for lifting the sales restrictions, and will not have a significant impact on the company's business performance.

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