CNS(SH:601098) Ge Long Hui·2025-11-20 13:07Core Viewpoint - Zhongnan Media (601098.SH) is extending the deadline for the integration of three companies to address competition issues, now set to be completed by December 8, 2030, due to challenges in the publishing industry's digital transformation and changes in educational policies [1] Group 1: Company Actions - The publishing group has proposed to extend the commitment deadline for integrating the three companies into Zhongnan Media by five years [1] - A temporary solution involving a management contract has been established to address the competition issue until the companies' prospects improve [1] - The management fees for the three companies are set at 1 million yuan per year for the Education Publishing Group and 100,000 yuan per year for both the Education Audio-Visual Company and the Map Company [1] Group 2: Board Decisions - The sixth board meeting approved the proposal to sign management contracts with related parties and extend the deadline for resolving competition commitments [2] - Several related directors recused themselves from the vote, while four non-related directors unanimously agreed to the proposal [2] - The transaction will require approval from the shareholders' meeting [2]