According to Xinhua Media's announcement, the company's independent directors expressed opinions on issues related to investment real estate related to the Shanghai Stock Exchange's 2025 annual report regulatory inquiry letter: in 2022, the company reported to Shanghai Chuanyue Real Estate Development Co., Ltd., the wholly-owned subsidiary of the controlling shareholder, purchased and reported Chuanyue Fang real estate, with a total area of 9488.27 square meters and a total amount of 324 million yuan. The transaction was based on business development, capital preservation and main business transformation needs, and carried out the necessary review procedures. The pricing was fair, and there were no infringements on the rights and interests of listed companies and small and medium shareholders; the relevant investment real estate was located in Fengxian Xincheng The business district showed no signs of depreciation in 2025, and preparations for impairment were reasonable without calculation.

According to Xinhua Media's announcement, the company's independent directors expressed opinions on issues related to investment real estate related to the Shanghai Stock Exchange's 2025 annual report regulatory inquiry letter: in 2022, the company reported to Shanghai Chuanyue Real Estate Development Co., Ltd., the wholly-owned subsidiary of the controlling shareholder, purchased and reported Chuanyue Fang real estate, with a total area of 9488.27 square meters and a total amount of 324 million yuan. The transaction was based on business development, capital preservation and main business transformation needs, and carried out the necessary review procedures. The pricing was fair, and there were no infringements on the rights and interests of listed companies and small and medium shareholders; the relevant investment real estate was located in Fengxian Xincheng The business district showed no signs of depreciation in 2025, and preparations for impairment were reasonable without calculation.