Visual China: The holding subsidiary Chengdu Guangchang plans to reduce its capital to 1.25 million yuan.

Visual China announced that the company held a board meeting on March 13, 2026, to approve the proposal of reducing the capital of its holding subsidiary, Chengdu Light Factory Creative Technology Co., Ltd. The registered capital of Chengdu Light Factory will be reduced from 50 million yuan to 1.25 million yuan, with each shareholder reducing capital in the same proportion. After the reduction, the company will still hold 61.60% of the shares through its wholly-owned subsidiary, and the scope of consolidated financial statements will remain unchanged. This capital reduction does not involve payment of consideration, which is beneficial for optimizing the company's asset structure and will not have a significant impact on business and profits.