Guizhou Network boosts 2025 transactions, appoints new chairman

Guizhou Broadcasting & TV Information Network (SSE:600996) has announced an increase in its ordinary connected transactions for 2025, projecting an additional CNY 18.65 million. This revised forecast follows a series of board and shareholder meetings in 2025, where the initial 2025 ordinary connected transactions were approved at CNY 5.05 million. The newly added transactions primarily involve selling goods and providing services to Guizhou Highway Data Operations Co., Ltd., and Guizhou Communications Industry Services Co., Ltd.

The company's board of directors, including independent directors and the audit committee, approved the additions, noting they are in the company's ordinary course of business and are expected to positively impact its financial performance. Concurrently, the company announced the election of Mr. Dai Qingsong as the new chairman of the board. He will also serve as the acting general manager, with his term commencing upon board approval.

Mr. Dai, born in 1974, brings extensive experience from various leadership roles within the explosives and related industries. His appointment and the expanded transaction volume are set to steer the company's strategic and operational direction through 2025.