Beijing Media Corporation Limited (SEHK:1000) acquired 5.291% stake of Beiqing Community Culture Media (Beijing) Limited from Shanghai Xingjing Investment Centre (Limited Partnership) for RMB 1.52 million on October 28, 2022. RMB300,000 has already been paid as security deposit prior to the Auction and The balance of the auction of RMB1,220,750 shall be paid before 17: 00 on 12 November 2022 to the bank account designated by the Third Intermediate People's Court.

Beijing Media Corporation Limited (SEHK:1000) completed the acquisition of 5.291% stake of Beiqing Community Culture Media (Beijing) Limited from Shanghai Xingjing Investment Centre (Limited Partnership) for RMB 1.52 million on October 28, 2022.