Guangdong Advertising Group Co.,Ltd intends to acquire a 5% stake in Guangdong Foreign Trade Imp. & Exp. Corporation. from Guangdong Guangxin Holdings Group Co., Ltd. for CNY 34.395 million.

Guangdong Advertising Group Co.,Ltd (SZSE:002400) intends to acquire a 5% stake in Guangdong Foreign Trade Imp. & Exp. Corporation.

from Guangdong Guangxin Holdings Group Co., Ltd. for CNY 34.395 million on December 12, 2022. The transaction was approved by Guangdong Advertising Group Co., Ltd. the 17th meeting of the fifth board of directors. After the completion of this transaction, the Guangdong Advertising Group Co.,Ltd (SZSE:002400) will hold 5% equity of Guangdong Foreign Trade Imp.

& Exp. Corporation. For the year ended, September 30, 2022, Guangdong Foreign Trade Imp.

& Exp. Corporation. total asset is CNY 870.27 million and net asset is CNY 579.25 million.