Jiaoyun Group: Planning major asset replacement and related transactions, actively advancing related work

Jiaoyun Group announced that the company plans to conduct an asset exchange with its controlling shareholder Jiu Shi Group and its related parties, constituting related party transactions and significant asset restructuring, without changing the controlling shareholders and actual controllers. It is planned to transfer in sports, entertainment, and tourism assets, such as equity in event operation companies; and to transfer out assets such as passenger car sales, such as equity in automobile repair companies, with the difference in cash to be supplemented. A "Asset Exchange Framework Agreement" has been signed, and the transaction price is not yet determined, with intermediary institutions currently conducting due diligence. As of the announcement date, the transaction work is progressing, and the final implementation is uncertain.