Province Guang Group: Wholly-owned subsidiary intends to acquire 55% equity of Shanghai Xinling Partner Culture Communication Co., Ltd.

The announcement of the Shengguang Group stated that the company's wholly-owned subsidiary, Shengguang Marketing Group, plans to acquire 55% of the equity of Shanghai Xinling Partner Culture Communication Co., Ltd., owned by individual Xu Hong, in cash, together with an employee investment platform. The total transaction amount is 85.8 million yuan, of which Shengguang Marketing will contribute 83.642 million yuan, accounting for 53.62% of the equity. This transaction constitutes a related party transaction, aimed at strengthening the company's competitive advantage in the field of social media marketing.