Guangxi Beibu Gulf Investment Group Co.,Ltd. agreed to acquire Guangxi Guangdian Network Technology Development Co., Ltd. from Guangxi Radio and Television Information Network Corporation Limited (SHSE:600936) for CNY 1.4 billion on May 30, 2025. A cash consideration of CNY 1.41 billion will be paid by Guangxi Beibu Gulf Investment Group Co.,Ltd. As part of consideration, CNY 1.41 billion is paid towards common equity of Guangxi Guangdian Network Technology Development Co., Ltd.

The transaction is subject to approval from Guangxi State-owned Assets Supervision and Administration Commission, Guangxi Radio and Television Information Network Corporation Limited shareholders approval and Other necessary approvals, filings, or authorizations related to this transaction. The transaction has been approved by the board of Guangxi Radio and Television Information Network Corporation Limited.

Li Chade, Pan Hongbin, Chen Yiren, Zhang Weipeng, Quan Junshen, Xiao Jingyuan, Wu Wenqiang, Liu Zhexi, Gong Yuxuan, Li Bingfan, Lin Zhaowei, Zhang Bosheng and Lu Zixuan of CITIC Securities Company Limited acted as financial advisor for Guangxi Radio and Television Information Network Corporation Limited. Zhang Jiwen and Liu Dongyue of ShineWing Certified Public Accountants Co., Ltd. acted as accountant for Guangxi Radio and Television Information Network Corporation Limited. Liang Dingjun, Qin Jin and Liang Lu of Grandall Lawyers Office acted as legal advisor for Guangxi Radio and Television Information Network Corporation Limited.