Shang Hai Zheng Quan Bao·2025-11-28 19:11Core Viewpoint - Zhejiang Publishing Media Co., Ltd. (referred to as "the company" or "Zhejiang Media") is undergoing a share transfer process where its controlling shareholder, Zhejiang Publishing United Group Co., Ltd. (referred to as "Zhejiang Group"), plans to transfer 6.00% of its shares to Zhejiang Digital Culture Group Co., Ltd. at a price of 8.82 yuan per share, pending regulatory approvals [1][2]. Group 1 - The controlling shareholder, Zhejiang Group, signed a share transfer agreement with Zhejiang Digital Culture on September 29, 2025, to transfer 133,336,666 shares, representing 6.00% of the company's total share capital [1]. - The price for the share transfer is set at 8.82 yuan per share, indicating a strategic move by the controlling shareholder to adjust its stake in the company [1]. - On November 28, 2025, the company received a notice from Zhejiang Group regarding the approval from the Zhejiang Provincial Finance Department and the Zhejiang Provincial Publicity Department for the share transfer [2]. Group 2 - The share transfer is subject to compliance confirmation from the Shanghai Stock Exchange and requires an application for share transfer registration with China Securities Depository and Clearing Corporation Limited [2]. - There remains uncertainty regarding the final completion of the share transfer, and the company will adhere to legal disclosure obligations as the situation progresses [2].