Stock Code: 002343 Stock Abbreviation: Cewen Media Announcement No.: 2026-007
Cewen Media Co., Ltd. Resolution Announcement of the 33rd Meeting of the 9th Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The 33rd meeting of the 9th Board of Directors of Cewen Media Co., Ltd. (hereinafter referred to as the "Company") was held on April 15, 2026, at the conference room on the 28th floor of the Publishing Center, No. 95 Lijing Road, Honggutan District, Nanchang City, Jiangxi Province, through a combination of on-site and teleconference methods. The meeting notice was sent to all directors via email, WeChat, and other means on April 3, 2026. A total of 9 directors were eligible to attend, and 9 directors actually attended. The meeting was presided over by Ms. Hua Yuping, the Chairperson of the Company. Senior management personnel of the Company were present at the meeting. The convocation, convening, and voting procedures of the meeting comply with the relevant provisions of the "Company Law" and the "Articles of Association." The meeting was legal and valid.
II. Deliberation and Voting at the Board Meeting
The review and voting on the various proposals at this meeting were as follows:
- Approval of the "2025 General Manager's Work Report" During the reporting period, the management team, led by the Company's General Manager, under the leadership of the Board of Directors, led all employees to steadily and orderly promote the implementation of the "1133" development strategy. The Company adhered to high-quality content as its core, striving to promote the high-quality development of its main film and television business. The main investment and control project, "The Glory of Silence," became a "phenomenal series." Simultaneously, the Company actively laid out innovative growth business areas, diversifying into micro-short dramas, concerts, and other businesses. The Company achieved an annual operating revenue of 39,785.97 million yuan, an increase of 8.69% year-on-year. The net profit attributable to shareholders of the listed company was -1,807.76 million yuan, a decrease of 159.57% year-on-year, mainly due to the decline in gross profit margin of film and television business and the increase in provision for credit impairment losses. Voting Result: Passed with 9 votes in favor, 0 votes against, and 0 abstentions.