GHY Media CEO & Exec Director Increases Stake in Company

On 12 September 2023, Kang Ru Investments Limited ("Kang Ru") entered into a share transfer agreement with a third party seller ("Seller"), pursuant to which Kang Ru agreed to purchase from the Seller 41,990,000 ordinary shares in the Company ("Shares"), for a consideration of RMB 80 million.

Pursuant to Section 4(7) of the Securities and Futures Act 2001 ("SFA"), Kang Ru is deemed to have an interest in the 41,990,000 Shares. Da Yuan Developments Limited ("Da Yuan") is the sole shareholder of Kang Ru. Vistra Trust (Singapore) Pte. Limited is the sole shareholder of Da Yuan and is the trustee of the Guo Yue Family Trust which is a discretionary trust.

The Shares held by Kang Ru are assets of the Guo Yue Family Trust. As at the date of this notification, the beneficiaries of the Guo Yue Family Trust are G.Y Media & Entertainment Limited, Guo Jingyu and Yue Lina (including the minor child of Guo Jingyu and Yue Lina).