Oriental Times Media trading halted amid potential control change

Guangxi Oriental Times Media Technology Co. (Oriental Times Media) announced a trading suspension effective December 15, 2025, for up to two trading days, due to a potential change in its controlling shareholder. The controlling shareholder, Kexiang High-tech Development Co., is negotiating to transfer approximately 14.33% of Oriental Times Media's total share capital to Guangxi Modern Logistics Group Co. or its designated entity. This transaction could lead to a change in the company's control.

The proposed equity transfer requires formal agreement procedures and approval from state-owned asset supervision authorities. While discussions are ongoing regarding the transaction plan and related agreements, no definitive agreements have been signed yet. The company emphasized that the transaction's completion and outcome remain uncertain.

Oriental Times Media applied for the trading suspension to the Shenzhen Stock Exchange to ensure fair information disclosure and prevent unusual stock price fluctuations, in compliance with relevant regulations. Investors are advised to exercise caution and monitor subsequent announcements.