Vision China Cultural Development Co., Ltd. (hereinafter referred to as "the Company" or "this Company") guarantees that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
On April 29, 2026, the Company held the tenth meeting of the eleventh board of directors, where it reviewed and approved the proposal regarding the capital reserve increase of registered capital of its controlling subsidiary Chengdu Guangchang Creative Technology Co., Ltd. (hereinafter referred to as "Chengdu Guangchang"). The specific situation is announced as follows:
1. Overview of the Capital Reserve Increase
Based on the operational development needs of Chengdu Guangchang, it intends to convert its capital reserve into paid-in capital proportionally for all shareholders. After the increase, Chengdu Guangchang's registered capital will change from 1.25 million RMB to 10 million RMB. After the increase is completed, the shareholding ratio of each shareholder in Chengdu Guangchang will remain unchanged, and the Company will still hold 61.60% of Chengdu Guangchang through its wholly-owned subsidiary Changzhou Far East Cultural Industry Co., Ltd. The scope of the Company's consolidated financial statements will not change. According to the relevant regulations of the Shenzhen Stock Exchange Listing Rules and the Articles of Association, this capital reserve increase is within the approval scope of the Company's board of directors and has been approved by the tenth meeting of the eleventh board of directors, thus does not require submission to the shareholders' meeting for approval. This transaction does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the Administrative Measures for Major Asset Reorganization of Listed Companies.