Stock Code: 002343 Stock Abbreviation: Cewei Media Announcement No.: 2026-010
Cewei Media Co., Ltd. Announcement on Uncovered Losses Reaching One-Third of Paid-in Capital
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Cewei 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 "Proposal on Uncovered Losses Reaching One-Third of Paid-in Capital." This proposal needs to be submitted to the shareholders' meeting for deliberation. The specific situation is hereby announced as follows:
I. Overview
According to the audit confirmation by Daixin Certified Public Accountants (Special General Partnership), the Company's net profit attributable to shareholders of the listed company in the consolidated financial statements for 2025 was -18,077,598.28 yuan, undistributed profits were -517,285,750.95 yuan, and the accumulated uncovered losses amounted to 517,285,750.95 yuan. The paid-in capital was 600,302,839.36 yuan (the total share capital is 473,680,286 shares, and the share capital is 600,302,839.36 yuan, as detailed in the "Financial Report" Section VIII, "Notes to the Consolidated Financial Statement Items," "35. Share Capital" of the Company's "2025 Annual Report"). The amount of uncovered losses exceeds one-third of the total paid-in capital. In accordance with the "Company Law," "Articles of Association," and other relevant regulations, this matter needs to be submitted to the Company's shareholders' meeting for deliberation.