Jishi Media Co., Ltd. (SHSE:601929) agreed to acquire an additional 33.89% stake in Jilin Cable Radio & Television Transmission Co., Ltd. from Jilin Sound Screen Industrial Co., Ltd for approximately CNY 130 million on January 4, 2013. Jishi Media intends to sign an equity transfer agreement with Sound Screen Co. Jishi Media shall deposit 80% of the equity transfer payment to Sound Screen Co.'s designated account within 15 working days after the equity transfer agreement becomes effective and the remaining 20% of the equity transfer payment shall be paid within 10 working days after the completion of the equity transfer modifications in industry and commerce registration. In related transactions, Jishi Media agreed to acquire an additional 3.77% stake in Jilin Wireless Radio & Television Transmission Co., Ltd. for CNY 0.7 million and the remaining 9.09% stake in Jilin Cable Radio & Television Transmission Co., Ltd. for CNY 33.7 million. Upon completion of the transactions, Jishi Media will own 100% stake in Jilin Cable Radio & Television Transmission.

Jilin Cable reported assets of CNY 256.09 million, liabilities of CNY 160.47 million, owners' equity of CNY 95.62 million, revenue of CNY 151.64 million and net profit of CNY 38.35 million for the period ended December 31, 2011. Jilin Cable reported assets of CNY 242.06 million, liabilities of CNY 147.15 million and owners' equity of CNY 94.9 million for the period ended April 30, 2012 and revenue of CNY 37.17 million and net profit of CNY 2.74 million for the period from January to April 2012. As of January 4, 2013, the transaction has been unanimously approved by the Board of Directors of Jishi Media. Shareholders of Jishi Media Co., Ltd. approved the transaction on March 27, 2013.