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According to Xinhua Media's announcement, the company plans to purchase 100% of the shares of Shanghai Interface Finance Association Technology Co., Ltd. by issuing shares. It is expected to constitute a major asset restructuring, not a restructuring and listing. This transaction constitutes a related transaction. Trading of the company's shares has been suspended since the opening of the market on September 7, 2026. The cumulative suspension of trading is no more than 10 trading days, and trading has resumed since the opening of the market on September 21, 2026. As of the disclosure date of this announcement, the audit and evaluation work involved in this transaction is progressing in an orderly manner. It still needs to be reviewed and approved by the company's board of directors, review and approval by the shareholders' meeting, and approval by the supervisory authority before it can be implemented. There is uncertainty about whether it can pass the approval.
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According to Xinhua Media's announcement, the company plans to purchase 100% of the shares of Shanghai Interface Finance Association Technology Co., Ltd. by issuing shares. It is expected to constitute a major asset restructuring, not a restructuring and listing. This transaction constitutes a related transaction. Trading of the company's shares has been suspended since the opening of the market on September 7, 2026. The cumulative suspension of trading is no more than 10 trading days, and trading has resumed since the opening of the market on September 21, 2026. As of the disclosure date of this announcement, the audit and evaluation work involved in this transaction is progressing in an orderly manner. It still needs to be reviewed again by the company's board of directors, reviewed and approved by the shareholders' meeting, and approval by the supervisory authority. There is uncertainty about whether it can pass the approval.
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