Zhitong Financial APP, * ST Mingcheng (600136.SH) disclosed the draft restructuring plan. Contemporary style is a listed company that publicly issues A-shares on the Shanghai Stock Exchange with film and television, cinema investment and management, sports copyright distribution, sports marketing and sports brokerage as the core, stock code: 600136, securities abbreviation: * ST. According to this reorganization plan, if the contemporary style can be reorganized successfully:

1. The legal person qualification, enterprise nature and securities market subject qualification of the contemporary literary style remain unchanged, and it is still a joint stock limited company listed on the Shanghai Stock Exchange. 2. The total share capital of the contemporary style is 583093123 shares, and the capital reserve will be increased by 25 shares for every 10 shares, with a total increase of 1457732808 shares. After the increase, the total share capital of the contemporary style will be increased from 583093123 shares to 2040825931 shares. Of the aforementioned additional shares, 612043697 shares will be conditionally transferred by the restructuring investors, and 845689111 shares will be used to pay off the debts of contemporary literary style in the form of repaying debts. Third, through this restructuring, 612043697 shares will be conditionally transferred by the restructuring investors, and the proportion of shares held by the restructuring investors will be 29.99% on the basis of the total share capital after the contemporary stylistic restructuring. Fourth, the creditor's rights secured by property shall be repaid in cash first within the scope of the assessed value of the secured property. If the assessed value of the secured property is not sufficient to pay off the corresponding secured claims, the unliquidated part shall be paid off as ordinary claims. 5. The employee's creditor's rights and tax claims shall be repaid in full in a lump sum in the form of cash during the implementation period of this reorganization plan.

6. The ordinary creditor's rights shall be based on creditors, and the part of each creditor's ordinary creditor's rights of less than 1 million yuan (including 1 million yuan) shall be paid off in cash at one time by the contemporary style within the implementation period of this reorganization plan. The portion exceeding 1 million yuan will be paid off in the following way: (1) each ordinary creditor will receive about 8.68 shares for every 100 yuan of ordinary creditor's rights (the final number of shares allocated shall be based on the actual number of shares registered in Shanghai Branch of China Securities Deng. if the number of shares appears in decimal places, remove the number to the right of the decimal point of the shares to be allocated and add "1" to the single digits) The debt-paying price of the stock is 10.84 yuan per share. (2) each ordinary creditor shall receive about 5.81 shares of the beneficial right of the trust for every 100 yuan of creditor's rights.

After the completion of the implementation of the reorganization plan, the claims of all creditors will be effectively paid off, and the financial situation of the company will be fundamentally improved. While reducing the debt burden, through the introduction of restructuring investors, the company can effectively improve operating efficiency and profitability, minimize the risk of delisting and even bankruptcy liquidation, and the interests of all investors can be effectively protected.