Before this equity change, Beijing Wenzhi Holdings Limited (hereinafter referred to as "Beijing Wenzhi Holdings") was the company's controlling shareholder, directly holding 20.35% of the company's shares. Beijing Wenti Group is the company's indirectly controlling shareholder, holding 29.19% of the company's shares indirectly through Wenzhi Holdings and its concerted action parties. Beijing Wenzhi Center holds 29.19% of the company's shares by holding 100% equity of Beijing Wenti Group, making it the actual controller of the company.

According to the document "Notice from Beijing State-owned Cultural Assets Management Center on the Free Transfer of Equity of Beijing Cultural Investment Development Group Co., Ltd. to Beijing Municipal People's Government State-owned Assets Supervision and Administration Commission" (Jingwenzifa [2024] No. 18), Beijing Wenzhi Center transferred its 100% equity of Beijing Wenti Group to Beijing SASAC. After this equity change, Beijing SASAC indirectly holds 29.19% of the company's shares through Beijing Wenti Group, becoming the company's new actual controller. Beijing Wenzhi Center no longer directly or indirectly holds any shares of the company (currently, Beijing Wenzhi Center has entered the institution deregistration process).

After this equity change, the company's controlling shareholder remains unchanged, and the actual controller of the company will change from Beijing Wenzhi Center to Beijing SASAC. This equity change will not affect the stability of the company's operation, daily production and business activities, financial status, independence, and ongoing operational capabilities significantly. This equity change will be more conducive to the company leveraging the strength of key cultural enterprise aggregation, further optimizing industrial layout, and achieving scale and group-oriented development.