Jiangsu Phoenix Publishing & Media Corporation (601928.SH) intends to list and transfer 61.03% of equity and debt of Phoenix Legend Film Co., Ltd.

Jiangsu Phoenix Publishing&Media Corporation (601928.SH) announced that the company intends to publicly transfer the 61.03% equity and debt rights held in Phoenix Legend Film Co., Ltd. (referred to as "Phoenix Legend") through Jiangsu Province Cultural Property Exchange Co., Ltd. The listed price for this transaction is RMB 82.6164 million, and the final transaction price will be based on the actual transaction price. If successfully implemented, this transaction can optimize resource allocation, reduce management costs, and further focus on core business development for the company. This transaction will not have a significant impact on the company's operations. If this transaction is successfully implemented in 2026, Phoenix Legend will no longer be included in the consolidated financial statements of Jiangsu Phoenix Publishing&Media Corporation, which will impact the financial results of Jiangsu Phoenix Publishing&Media Corporation in 2026.