Southern Publishing and Media moves to boost capital efficiency, announces leadership changes

Southern Publishing and Media Company has approved the use of idle self-owned funds, up to a maximum of CNY 2.5 bn, for cash management. This aims to enhance capital efficiency and investment returns. These funds will be invested in secure, low-risk products such as time deposits, large-denomination certificates of deposit, wealth management products, national debt repurchases, principal-guaranteed income certificates, and structured deposits, with a maturity not exceeding one year. The authorization is valid until December 31, 2026.

Concurrently, the company announced significant personnel changes. Yao Zhichao has been appointed deputy general manager and Gong Huiming as board secretary, with terms running until the end of the sixth board of directors. Gong Huiming will no longer serve as the company's securities affairs representative, a role now filled by Hu Feng.

These decisions were approved during the company's second extraordinary board meeting on December 19, 2025. The board also acknowledged the resignation of Lei He, who stepped down as board secretary due to work-related reasons, effective December 19, 2025.