Shaanxi Broadcast & TV Network Intermediary(Group)Co.,Ltd. announced a private placement to issue A shares for gross proceeds of not more than CNY 300 million on April 19, 2023. The transaction will include participation from not more than 35 special investors. The securities issued in the will have a six month hold period.

The shares are issued at CNY 1.00 par value per share. The transaction has been approved by the board of directors in the fifth meeting of the ninth board of directors of the company. The transaction is still subject to approval from shareholders of the company.