中文传媒解除资产购买协议 拟使用不超95亿闲置资金理财

Core Viewpoint - The company has decided to terminate the agreement for the acquisition of assets from Jiangxi Publishing Media Group due to significant declines in revenue and net profit from the acquired entities, which are expected to continue affecting performance commitments [1][2]. Group 1: Termination of Agreement - The company disclosed the termination of the agreement for the acquisition of Jiangxi Education Media Group and Jiangxi Higher Education Press due to a substantial decrease in their operating income and net profit [1]. - The performance commitment completion rate for the acquired entities is projected to be below 65% for the fiscal year 2024, raising concerns about meeting cumulative net profit targets from 2024 to 2026 [1][2]. - The decision to terminate the agreement was made collaboratively with Jiangxi Publishing Media Group to safeguard state assets and protect the interests of minority shareholders [2]. Group 2: Financial Implications - Following the termination, Jiangxi Publishing Media Group is required to return the total cash consideration of 1.817 billion yuan within 30 working days [3]. - The company had previously issued 47.6636 million shares as part of the transaction, and due to unmet performance commitments, Jiangxi Publishing Media Group will return 20.1464 million shares, which will be repurchased and canceled by the company at a price of 1 yuan per share [3]. - The company also announced plans to utilize idle funds for financial products, with a maximum investment of 9.5 billion yuan, including up to 1.8 billion yuan from its subsidiary [3][4]. Group 3: Strategic Financial Management - The company aims to enhance the efficiency of fund utilization and increase returns through the investment of idle funds in financial products, ensuring that normal business operations are not affected [4].