The Board hereby announces that, as the 2022 BJAI Lease Contract and the 2022 Beijing Rural Exchange Lease Contract will expire on 31 March 2022, Beijing Media Corporation Limited (the Company) (as a lessor) entered into the 2025 BJAI Lease Contract and The 2025 Beijing Rural Exchange Lease Contract, respectively, with BJAI (as a lessee) and Beijing Rural Exchange (as a lessee) on 27 February 2025, pursuant to which, the Company will lease the 23rd floor and the 19th floor of the BYDA Building owned by the Company, respectively, to BJAI and Beijing Rural Exchange, both for a lease term of three years commencing from 1 April 2025 and ending on 31 March 2028. Capital Group has obtained the voting rights attached to the 124,839,974 shares of the Company (representing approximately 63.27% of issued share capital of the Company) held by BYDA (enterprise) in accordance with the entrust management arrangement between BYDA and its beneficial owner on 20 May 2021. Under Rule 14A.81 of the Listing Rules, transactions under the Lease Contracts shall be calculated on an aggregated basis, and as the applicable percentage ratios (as defined under the Listing Rules) in respect of relevant transactions on an aggregated basis are more than 0.1% but are less than 5%, and therefore, the transactions contemplated under the Lease Contracts are subject to the reporting and announcement requirements but exempted from independent Shareholders' approval requirements under Chapter 14A of the Listing Rules.

The major terms of the 2025 BJAI Lease contract and the 2025 Beijing Rural Exchange Lease contract are as follows: 2025 BJAI Lease Contract, 2025 Beijing Rural Exchange Lease contractors, Date 27 February 2025, Parties: (i) the Company (as a less oror); and, (ii) Beijing Rural Exchange (as a lessor); and, (ii). The 23rd floor of BYDA The 19th floor of BYDA Building with a gross floor area of 680.98 square meters area of 829.53 square meters Without written consent of the Company, the lessees may not transfer, sub-lease or hand over the leased property or any part thereof, directly or indirectly, to others., Usage: For office premises. Without prior written consent of the Company, The lessees may not change or expand the usage., Lease term: Three years commencing from 1 April 2022 and ending on 31 March 20 28.

The lessees shall notify the Company in written forms 90 days before expiry of the lease of their intention for renewal. Parties shall re-negotiate and sign new contract on conditions for lease based on the lease based on the lease.