Talent Television & Film completes targeted A-share issuance

Zhejiang Talent Television & Film has completed its targeted A-share issuance, with the company issuing 50,382,810 shares at a price of 8.19 RMB per share. The sole subscriber was Zhejiang E-Tong Media Investment Co., Ltd., a controlling shareholder. The total gross proceeds reached 412.635 million RMB, netting 405.445 million RMB after deducting issuance expenses. This move increases Zhejiang E-Tong's direct stake to 23.83% and maintains its controlling position. Funds will be used to repay debts and support working capital. Legal advisors and sponsors have confirmed the compliance of the issuance process and the eligibility of the subscriber.