Guangdong Media announced that the board of directors of the company reviewed and passed the bill and agreed to apply to the Shenzhen branch of China Securities Registration and Settlement Co., Ltd. to open a special securities account to receive judicial transfers of the Company's shares. It will cooperate in handling judicial non-transactional transfers, and also authorize the management to handle matters relating to account opening, data submission, transfer and matchmaking. After the above shares are transferred to a special repurchase account, the company will handle matters such as share cancellation and reduction of registered capital in accordance with regulations, and will carry out separate review procedures and information disclosure obligations on subsequent related matters.

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