Topway subsidiary sells assets to related party for CNY 6.043m

On December 24, 2025, Shenzhen Topway Video Communication announced that its controlled subsidiary, Shenzhen Tianqing Digital Co., Ltd., will sell project assets to Shenzhen Guangdian Digital Technology Co., Ltd. for CNY 6,043,000. This transaction constitutes a related party deal, as Guangdian Digital is directly controlled by Shenzhen Broadcasting Film and Television Group, Topway Video's controlling shareholder.

The assets being transferred include fixed assets (such as product prototypes, electronic equipment, and office equipment) and intangible assets (including source code, patents, software copyrights, and product manuals). The asset transfer is expected to increase Topway Video's net profit by CNY 339.15 million and net profit attributable to shareholders by CNY 237.40 million.

The transaction has been approved by Topway Video's Ninth Board of Directors and by the Sixth Special Meeting of Independent Directors in 2025. This move aims to allow Tianqing Digital to recover development costs and focus on its core business, enhancing its independence and cash flow.