Core Viewpoint - The company plans to swap its cable television network assets held by its wholly-owned subsidiary, Zhuozhou Gehua, for a 1.79% equity stake in Hebei Broadcasting, a company controlled by its parent, China Broadcasting Network [1][4][6] Summary by Sections Transaction Overview - The transaction involves Zhuozhou Gehua exchanging its cable network assets valued at 87.3958 million yuan for 4,173,942 shares in Hebei Broadcasting, representing 1.79% of the latter's post-increase registered capital [2][3][5] - The transaction does not involve cash payment and has been approved by the company's board without needing shareholder approval [2][4] Purpose and Impact of the Transaction - The transaction aims to comply with the "One Province, One Network" integration policy and enhance the company's asset operation efficiency by divesting low-efficiency assets [4][5] - Post-transaction, Zhuozhou Gehua will no longer hold cable television network assets, and the related income and costs will be excluded from the company's consolidated financial statements [5][16] Related Party Transaction Details - The transaction is classified as a related party transaction due to Hebei Broadcasting being a subsidiary of the company's controlling shareholder, China Broadcasting Network [6][7] - The company has not exceeded 5% of its latest audited net assets in related party transactions over the past 12 months [5][6] Asset Evaluation and Pricing - The cable network assets were appraised at 87.3958 million yuan, with an increase in value of 19.4235 million yuan, positively impacting the company's financial status [5][16] - The evaluation was conducted by Beijing Huaya Zhengxin Asset Appraisal Co., Ltd. and Beijing Zhongtianhua Asset Appraisal Co., Ltd., using asset-based and market methods [9][10][13] Future Strategic Direction - Following the transaction, the company will implement a "Service Navigation" strategy, focusing on consolidating its core cable television business and accelerating the development of government and enterprise services [5][16]
歌华有线: 歌华有线关于资产置换暨关联交易的公告