Group 1 - Hubei Zhiyin Media Group Co., Ltd. has undergone a significant change in ownership, with Hubei Cultural Tourism Group Co., Ltd. becoming the sole shareholder, holding 100% of the shares as of December 26, 2025 [1] - Zhiyin Group, originally founded as Zhiyin Magazine in 1985, has developed into a comprehensive cultural media group with total assets exceeding 2.5 billion yuan, employing over 1,600 staff, and operating multiple publications and subsidiaries [1] - The group has achieved notable milestones in the Chinese publishing industry, including a monthly circulation of over one million copies for its flagship publication, Zhiyin, which has received several prestigious awards [1] Group 2 - Zhiyin Group has received numerous accolades, including being recognized as a national advanced enterprise in cultural system reform and a key brand in Hubei's cultural industry [2] - Hubei Zhiyin Media Co., Ltd. had previously sought to go public but has not made substantial progress, while its subsidiary, Hubei Mulan Flower Home Service Co., Ltd., is listed on the New Third Board [2] - Following the ownership change, Hubei Cultural Tourism Group aims to integrate Zhiyin Group into its strategic framework, enhancing business collaboration and resource synergy [3]