According to Digital Video's announcement, the company and its wholly-owned subsidiary Dingdian Video directly and indirectly purchased 59.80% of Beijing Digital Video Technology Co., Ltd.'s shares for 706.61 million yuan. After the transaction is completed, Video Technology will become the company's wholly-owned subsidiary and included in the scope of the consolidated statement. On November 11, 2026, Video Technology and the three shareholding platforms of Changfeng Yunfan, Tianxing Juxian, and Changju Industrial completed the registration procedures for industrial and commercial changes related to this transaction and obtained the changed business license.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.