Guangdong South New Media completes share repurchase and cancellation

Guangdong South New Media Co., Ltd. has completed the cancellation of 1,292,318 repurchased shares, representing 0.5640% of its total share capital before cancellation. The actual repurchase and cancellation amounted to CNY 50,016,405.48.

Following this, the company's total share capital has decreased from 229,130,909 shares to 227,838,591 shares. The cancellation was processed by China Securities Depository and Clearing Corporation Limited Shenzhen Branch and finalized on September 1, 2025.

The company initiated the share repurchase scheme on October 9, 2024. By August 22, 2025, it had repurchased 1,292,318 shares. The highest transaction price was CNY 43.17 per share, the lowest was CNY 34.88 per share, and the average transaction price was CNY 38.70 per share, excluding transaction fees. This marks the successful completion of the repurchase plan within the stipulated period.

This share cancellation is expected to enhance earnings per share and boost investor confidence, without significantly impacting the company's debt service capability, ongoing operational status, controlling shareholder, or listing status. The company will proceed with updating its registered capital, amending its articles of association, and completing industrial and commercial registration changes.