Oriental Times Media board approves asset sale, Q3 report, and shareholder meeting

Oriental Times Media announced resolutions from its eighth board of directors meeting on October 30, 2025. The board unanimously approved the company’s Q3 2025 report and authorized management to dispose of remaining shares previously held in escrow as part of its restructuring plan. These shares were set aside following a 2021 court-approved restructuring, with a three-year window for creditors to claim them, which has now expired. Proceeds from the sale will be classified as capital reserves to enhance the company's asset structure and liquidity.

The board also approved convening the second extraordinary general meeting of shareholders for 2025 on November 18, 2025, to seek approval for the proposed share disposition. The Q3 2025 report indicates total assets of yuan 983,414,718.90 as of September 30, 2025, a 29.19% increase from the prior year-end. Net profit attributable to shareholders was yuan 1,328,128.16, a 96.08% decrease year-on-year.

Key changes in the Q3 report include a 135% increase in monetary funds to yuan 356,296,911.00 due to performance compensation from investors, a 107.96% increase in R&D expenses, and a 639.11% decrease in financial expenses. Operating cash flow decreased by 67.92%, while fundraising cash flow increased by 273.31%.