Chengdu B-ray Media (600880.SH) plans to acquire a 9% stake in its subsidiary Red Star Education.

Chengdu B-ray Media (600880.SH) announced that the company plans to use its own funds to acquire a total of 9% equity in its holding subsidiary Chengdu Red Star Education Technology Co., Ltd. ("Red Star Education") held by two natural person shareholders, Wang Ling and Liang Naidan. After negotiations, the acquisition is based on the book value of the shareholders' equity as of June 30, 2025, which is 12.1551 million yuan, with a total transaction price of 1.094 million yuan. After the acquisition, the company's equity stake in Red Star Education will increase to 85%. Both before and after this transaction is completed, Red Star Education remains within the scope of the company's consolidated financial statements. The purpose of this transaction is to optimize the corporate governance structure of the holding subsidiary, strengthen operational control, and enhance strategic leadership over the subsidiary. This transaction will not result in any new related party transactions or industry competition for the company.