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读者传媒(603999.SH):拟退出惠州市读者文化园项目

duzhe publishing&media (603999.SH): plans to withdraw from the Huizhou Reader Cultural Park project.

Gelonghui Finance ·  Dec 4 15:40

On December 4, Gelonghui reported that duzhe publishing&media (603999.SH) announced its decision to withdraw from the Huizhou Reader Cultural Park project (referred to as "the project" or "Huizhou project"), terminating its naming rights for the project. Additionally, it will publicly list for transfer the 10% equity held by duzhe publishing&media and its subsidiary, Reader Gansu Digital Technology Co., Ltd. (referred to as "Reader Digital"), in Huizhou Reader Cultural Development Co., Ltd. (referred to as "Huizhou Reader"). Following discussions with the cooperating parties, it was agreed to sign a supplementary agreement, stipulating that after the company's withdrawal, the already obtained brand licensing fees of 14.4 million yuan will not be claimed back by the relevant parties for any reason. The "Cooperation Agreement" signed by the relevant parties and related agreements will continue to be effective, and specific performance matters will be determined separately by the parties. The withdrawal from the project will not impact the company's assets or current profits and losses.

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