Oriental Pearl completes Shanghai Oriental Dragon equity boost

Oriental Pearl Group announced today that Shanghai Oriental Dragon New Media Co., Ltd. has completed its capital increase and share expansion, with associated industrial and commercial registration changes finalized on April 7, 2025. The equity boost was approved at the company’s 19th meeting of the 10th board of directors. This involved raising up to CNY1 billion via the Shanghai Cultural Property Exchange. The company received the Shanghai United Property Rights Exchange's capital increase certificate (NO. W20250001) on February 7, 2025. Shanghai Jingwen Investment Co., Ltd. and Shanghai Cultural Industry Development Investment Fund Partnership (Limited Partnership) were the successful bidders, subscribing CNY400 million and CNY600 million, respectively. Following the completion of the capital expansion, Oriental Pearl Group retains a 33.8504% stake in Shanghai Oriental Dragon New Media, with Shanghai Cultural Radio and Television Group holding 20.0128%.