Radio and Television Network announced that the Xi'an Intermediate Court has accepted the applicant's application for pre-restructuring against the company and appointed the company's liquidation team as the temporary manager of the pre-restructuring. The temporary manager is now publicly recruiting investors for the restructuring. Intended investors are required to submit registration materials and pay a registration deposit of 10 million yuan before 18:00 on November 8, 2026. There is uncertainty about whether the company can enter the formal restructuring process and whether it can recruit qualified investors in this recruitment. If the court decides to accept the restructuring application, the company's shares will be subject to a delisting risk warning. If the restructuring fails, there is a risk of being declared bankrupt or the stock listing terminated.

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