Huayi Brothers Media Corporation announces that the company plans to issue Stocks to specific entities, raising a total of no more than 2.9 billion yuan. The raised funds will mainly be used to repay the company's debts, replenish working capital, and invest in projects. This issuance still needs to be approved by the shareholders' meeting and go through the relevant regulatory Institutions' approvals. The plan aims to optimize the company's capital structure, enhance financial stability, and improve operational capacity. The company will advance this issuance work in accordance with market conditions and relevant laws and regulations.