002027SZSE

Announcement on the Completion of Capital Increase in Subsidiary and Connected Transaction

✨ AI Summary

This announcement details the completion of a capital increase in Focus Media Overseas Investment III Limited (FMOIL III) by its parent company, Focus Media Information Technology Co., Ltd. The increase, totaling $4,282.28 million USD, was executed through its wholly-owned subsidiary FMDL and other shareholders JAS and TNDL. This strategic move aims to further expand FMOIL III's presence in lifestyle media markets across Asia and North America, with no change in equity ratios.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_documentSign In to Upgrade

Company Code: 002027 Company Abbreviation: Focus Media Announcement No.: 2026-025

Focus Media Information Technology Co., Ltd. Announcement on the Completion of Capital Increase in Subsidiary and Connected Transaction

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and is concise, clear, and easy to understand, without any false records, misleading statements, or major omissions.

Focus Media Information Technology Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the ninth Board of Directors on November 28, 2025. The meeting deliberated and approved the "Proposal on the Company's Capital Increase in Subsidiary and Connected Transaction." It was agreed that within one year, the Company would, through its wholly-owned subsidiary Focus Media Development Limited (hereinafter referred to as "FMDL"), use its own funds to increase capital in its holding subsidiary Focus Media Overseas Investment III Limited (hereinafter referred to as "FMOIL III"). The amount of capital increase shall not exceed USD 60 million. Concurrently, other shareholders of FMOIL III, JAS Investment Group Limited (hereinafter referred to as "JAS") and Top New Development Limited (hereinafter referred to as "TNDL") (Mr. Jiang Nanchun, the actual controller of the Company, is the actual controller of JAS and TNDL), agreed to increase capital proportionally according to their respective shareholding ratios. For detailed information, please refer to the relevant announcement published by the Company on thecninfo.com.cn on November 29, 2025.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.