Stock Code: 002343 Stock Abbreviation: Cewen Media Announcement No.: 2026-009
Cewen Media Co., Ltd. Announcement on Proposed Non-Distribution of Profits and Capital Reserve Transfer to Share Capital for 2025
The Company and all members of the Board of Directors guarantee the information disclosure is true, accurate, and complete, and there are no false representations, misleading statements, or material omissions.
I. Deliberation Procedures Cewen Media Co., Ltd. (hereinafter referred to as the "Company") held the 33rd meeting of the 9th Board of Directors on April 15, 2026, and deliberated and passed the "2025 Profit Distribution Plan." This proposal will be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation.
II. Basic Situation of the 2025 Profit Distribution Plan According to the audit by Daixin Certified Public Accountants (Special General Partnership), in 2025, the net profit attributable to shareholders of the listed company in the consolidated statements was -18,077,598.28 yuan, and the net profit of the parent company was -4,272,879.36 yuan. As of December 31, 2025, the distributable profit in the consolidated statements was -517,285,750.95 yuan, and the distributable profit of the parent company was 33,562,549.76 yuan.
Given that the undistributed profit in the consolidated statements at the end of 2025 is negative; and considering that the Company's film and television and other businesses in 2026 require significant capital support, in accordance with the "Guiding Opinions No. 3 on Cash Dividends of Listed Companies" issued by the China Securities Regulatory Commission, the "Shenzhen Stock Exchange Stock Listing Rules," and the "Articles of Association," etc., while adhering to the principles of profit distribution and ensuring the normal development of the Company, the Board of Directors proposes the specific profit distribution plan for the Company in 2025: the Company proposes not to distribute cash dividends, not to issue bonus shares, and not to transfer capital reserve to share capital in 2025.