Securities Code: 002400 Securities Abbreviation: Guangdong Advertising Group Announcement No.: 2026-012 Guangdong Advertising Group Co., Ltd. Announcement on Authorization to Sell Stock Assets at an Appropriate Time The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of this announcement, and that there are no false records, misleading statements, or major omissions.
I. Overview of the Transaction
Guangdong Advertising Group Co., Ltd. (hereinafter referred to as the "Company") convened the 22nd meeting of the 6th Board of Directors on March 27, 2026, and deliberated and passed the "Proposal on Authorization to Sell Stock Assets at an Appropriate Time." The proposal agreed to authorize the Company's management to sell the Company's indirectly held listed A-share stock assets at an appropriate time. The total transaction amount for the sale of these assets will not exceed 10% of the net assets attributable to the parent company shareholders as per the most recent audited financial report. The scope of authorization includes, but is not limited to, determining the specific method of sale, timing of sale, quantity of sale, price of sale, signing of relevant agreements, and other specific implementation measures based on market conditions. The authorization period is 24 months from the date of deliberation and approval by the Board of Directors.
This matter falls within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for deliberation.