Core Points - The company held its sixth board meeting on August 22, 2025, where all 9 participating directors voted on various resolutions [1] - The board approved the 2025 semi-annual report and summary, with unanimous support [1] - A resolution was passed to absorb and merge the wholly-owned subsidiary Jiangsu Performing Arts Network Co., Ltd. to optimize asset structure and reduce operational costs [2] - Several amendments to internal management regulations were approved, including updates to the board secretary work guidelines, related party transaction management, insider information registration, fundraising management, and prevention of fund occupation by controlling shareholders [3][5] Detailed Summaries - The board meeting was conducted in accordance with the company's articles of association and voting rules, with all directors present [1] - The merger of Jiangsu Performing Arts Network Co., Ltd. will not change the company's name, registered capital, or shareholding structure, and all assets and liabilities will be inherited by the company [2] - The board also approved the evaluation report for the 2024 "Quality Improvement and Efficiency Enhancement" special action plan [5]

Meeting Details - The shareholder meeting was held on August 13, 2025, at Jiangsu Cable's Three-Network Integration Hub in Nanjing [1] - The meeting had a total attendance of shareholders representing 58.0829% of the total shares [1] - Voting was conducted through a combination of on-site and online methods, complying with the Company Law and the company's articles of association [1] Voting Results - The proposal to amend the company's articles of association was approved with 98.7676% of A-share votes in favor [1] - Another proposal received 99.8928% approval from A-shareholders [1] - A third proposal also achieved a high approval rate of 99.8910% among A-shareholders [1] Legal Compliance - The meeting's procedures, including the qualifications of the convenor and attendees, as well as the voting process, were confirmed to be in accordance with the Company Law and other relevant regulations [2] - The resolutions passed during the meeting were deemed legal and valid by the attending lawyers [2]

Core Points - The company is holding a shareholder meeting that will utilize both on-site and online voting methods to facilitate shareholder participation [1][2] - The meeting will take place at the Jiangsu Cable Three Network Integration Hub in Nanjing, with specific time slots allocated for voting [1][2] - Shareholders must register in advance to attend the meeting and can only vote using one method, either on-site or online [2] Meeting Procedures - Shareholders are required to arrive on time for registration and must confirm their eligibility to participate [2] - Each shareholder has the right to speak at the meeting, but must register their intention to speak in advance [2] - The company reserves the right to refuse to answer questions that are unrelated to the meeting agenda or that may disclose confidential information [2] Agenda Items - The company proposes to amend its articles of association to enhance governance and comply with regulatory requirements [3][4] - A significant change includes the abolition of the supervisory board, transferring its responsibilities to the audit committee of the board of directors [4] - The amendments aim to improve the company's governance structure and align with the latest legal and regulatory standards [4][5] Voting and Decision-Making - Shareholders can only cast their votes once for each resolution, and duplicate votes will be disregarded [2] - The company will provide a platform for online voting, ensuring that shareholders can participate conveniently [1][2] - The results of the voting will be based on the first vote cast if there are any duplicates [2]

Core Points - Jiangsu Broadcasting Cable Information Network Co., Ltd. announced a cash dividend of RMB 0.022 per share (before tax) for its A shares [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting held on June 27, 2025 [1] - The record date for the dividend is July 31, 2025, with the last trading day and ex-dividend date both on August 1, 2025 [1] Dividend Distribution Details - The total share capital used for the dividend calculation is 5,000,717,686 shares [1] - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered by the record date [1][2] - For individual shareholders and securities investment funds holding shares for over one year, the cash dividend is exempt from personal income tax [2][3] Taxation Information - For shareholders with a holding period of one month or less, the dividend income is subject to a 20% tax rate [3] - Qualified Foreign Institutional Investors (QFIIs) will have a 10% corporate income tax withheld, resulting in a net cash dividend of RMB 0.0198 per share [3][4] - Hong Kong Stock Exchange investors holding shares via the Shanghai-Hong Kong Stock Connect will also have a 10% tax withheld, with a net cash dividend of RMB 0.0198 per share [4] Contact Information - For inquiries regarding the annual equity distribution, shareholders can contact the Board Office at 025-83187799 [4]

Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by the shareholder, Shijingcheng Communication (Shanghai) Co., Ltd., regarding its holdings in Jiangsu Provincial Broadcasting Cable Information Network Co., Ltd. Group 1: Shareholder Information - The shareholder, Shijingcheng Communication, held a total of 32,802,770 shares before the reduction, representing 0.66% of the company's total equity [3]. - After the reduction, the shareholder retains 14,000,070 shares, which is 0.28% of the total equity [3]. Group 2: Reduction Plan Implementation - The reduction plan was first disclosed on June 12, 2025, with a maximum reduction of 18,802,700 shares, accounting for 0.38% of the total equity [2][3]. - The actual reduction was completed through centralized bidding, with a total of 18,802,700 shares sold at a price range of 3.48 to 3.51 yuan per share, totaling approximately 65,531,884 yuan [2][3]. - The reduction was consistent with the previously disclosed plan, and the minimum reduction quantity was achieved [2][3].

Financial Performance - The company reported a basic earnings per share of -0.0500 yuan for 2024, an improvement of 59.64% compared to -0.1239 yuan in 2023 [1] - The net profit for 2024 was -0.7 billion yuan, showing a significant reduction of 59.3% from -1.72 billion yuan in 2023 [1] - Operating revenue decreased by 4.93% to 23.14 billion yuan in 2024 from 24.34 billion yuan in 2023 [1] - The return on equity improved to -0.54% in 2024 from -1.33% in 2023, reflecting a 59.4% increase [1] Shareholder Information - The top ten unrestricted shareholders collectively hold 61,958.23 million shares, accounting for 44.53% of the circulating shares, with a decrease of 752.36 million shares compared to the previous period [1] - China Broadcasting Network Co., Ltd. remains the largest shareholder with 26,563.50 million shares, representing 19.09% of the total share capital [2] - Beijing Beiguang Media Investment Development Center Co., Ltd. holds 25,521.80 million shares, accounting for 18.34% of the total [2] Dividend Distribution - The company announced a dividend distribution plan of 0.27 yuan per share (including tax) [3]

Core Insights - Jiangsu Cable (600959) announced a revenue of 7.98 billion yuan for 2024, representing a year-on-year growth of 5.04% [1] - The net profit attributable to shareholders for the same period is 365 million yuan, reflecting a year-on-year increase of 7.46% [1] - The profit distribution plan for 2024 proposes a cash dividend of 0.22 yuan (including tax) per 10 shares, totaling 110 million yuan to be distributed to all shareholders [1] - The company will not implement any capital reserve conversion to increase share capital or other forms of distribution [1]