Ciwen Media Co.,Ltd. (002343.SZ) Receives 2 Million Yuan Production Subsidy for Micro-Drama Project

Stock News09-15

Ciwen Media Co.,Ltd. (002343.SZ) announced that the micro-drama "Kuang Qingtian Legend" is a series produced by the company and its wholly-owned subsidiary Jiangxi Ciwen Film and Television Culture Media Co., Ltd. (referred to as "Jiangxi Ciwen") to strengthen integrity culture and family education development. Jiangxi Publishing & Media Group Co., Ltd. (referred to as "Jiangxi Publishing & Media Group") is one of the credited production companies for this drama. The series has achieved positive communication effects.

Jiangxi Publishing & Media Group has agreed to provide a production subsidy of 2 million yuan for this drama. The funds will be allocated by Jiangxi Publishing & Media Group to the company's controlling shareholder, Huazhang Tiandi Media Investment Holdings Group Co., Ltd. (referred to as "Huazhang Investment"), which will then transfer the funds to the company.

The announcement reveals that Jiangxi Publishing & Media Group is the sole shareholder of the company's controlling shareholder Huazhang Investment, making it an indirect controlling entity of the company.

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