Xinhua Media (600825.SH): Plans to issue shares and purchase interface, financial association suspends trading of controlling shares

Zhitong Finance App News, Xinhua Media (600825.SH) announced that the company plans to purchase a controlling interest in Shanghai Interface Financial Association Technology Co., Ltd. (“Interface Finance Association”) by issuing shares. The transaction is still in the planning stage, and the valuation and pricing of the underlying assets have not yet been determined. According to preliminary estimates based on relevant data, it is expected to constitute a major asset restructuring and not a restructuring listing.

The company plans to purchase shares in the target company by issuing shares from counterparties such as Shanghai Newspaper Group Cultural New Media Investment Management Co., Ltd., a wholly-owned subsidiary of Shanghai Newspaper Group, the controlling shareholder. Trading of the company's shares has been suspended since the opening of the market on September 7, 2026 (Monday), and will continue to be suspended from the opening of the market on September 8, 2026 (Tuesday). It is expected that the suspension (cumulative) period will not exceed 10 trading days.